Fairfax India (TSE:FIH.U) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Fairfax India Holdings Corp (TSE:FIH.U)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$17.88 and traded as low as C$17.85. Fairfax India shares last traded at C$17.85, with a volume of 31,394 shares.

Fairfax India Stock Down 1.5%

The firm has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 0.71 and a beta of 0.75. The stock has a fifty day moving average of C$17.88 and a two-hundred day moving average of C$17.63. The company has a debt-to-equity ratio of 16.41, a current ratio of 4.56 and a quick ratio of 0.50.

About Fairfax India

Fairfax India Holdings Corp is an investment holding company. Its investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers, or business conducted in or dependent on India. The company operates through investing in the India segment and it earns income through the source of interest and dividends.