Fairfax India (TSE:FIH.U) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Fairfax India Holdings Corp (TSE:FIH.UGet Free Report) crossed 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 changing hands.

Fairfax India Price Performance

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 company’s 50 day moving average price is C$17.88 and its 200 day moving average price is C$17.63. The company has a market cap 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.

About Fairfax India

(Get Free Report)

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.

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