Fairfax India (TSE:FIH.U) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Fairfax India Holdings Corp (TSE:FIH.U) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$17.69 and traded as low as C$17.15. Fairfax India shares last traded at C$17.80, with a volume of 21,434 shares traded.

Fairfax India Price Performance

The company has a current ratio of 4.56, a quick ratio of 0.50 and a debt-to-equity ratio of 16.41. The business’s fifty day moving average is C$17.69 and its 200 day moving average is C$16.07. The firm has a market capitalization of C$1.87 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.71 and a beta of 1.49.

Insider Buying and Selling

In other news, Director Brian Johnston Porter purchased 5,000 shares of Fairfax India stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of C$22.42 per share, for a total transaction of C$112,104.00. Insiders own 27.52% of the company’s stock.

Fairfax India Company Profile

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.