Fairfax India (TSE:FIH.U) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Fairfax India Holdings Corp (TSE:FIH.U)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$17.54 and traded as low as C$17.50. Fairfax India shares last traded at C$17.65, with a volume of 37,236 shares traded.

Fairfax India Stock Performance

The company has a 50-day simple moving average of C$17.54 and a two-hundred day simple moving average of C$17.39. The company has a debt-to-equity ratio of 16.41, a quick ratio of 0.50 and a current ratio of 4.56. The firm has a market capitalization of C$2.38 billion, a P/E ratio of 67.88, a PEG ratio of 0.71 and a beta of 0.50.

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. The company operates through investing in the India segment and it earns income through the source of interest and dividends.