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

Fairfax India Holdings Corp (TSE:FIH.U) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$17.73 and traded as low as C$16.97. Fairfax India shares last traded at C$17.20, with a volume of 58,290 shares changing hands.

Fairfax India Stock Down 0.9%

The stock has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.71 and a beta of 0.79. The company has a debt-to-equity ratio of 16.41, a current ratio of 4.56 and a quick ratio of 0.50. The business has a fifty day moving average of C$17.75 and a 200 day moving average of C$17.44.

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.