Fairfax India (TSE:FIH.U) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Fairfax India Holdings Corp (TSE:FIH.U)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

Fairfax India Trading Down 3.4%

The firm has a market capitalization of C$2.31 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.71 and a beta of 0.79. The stock has a 50-day simple moving average of C$17.73 and a two-hundred day simple moving average of C$17.44. The company has a current ratio of 4.56, a quick ratio of 0.50 and a debt-to-equity ratio of 16.41.

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.