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

Fairfax India Holdings Corp (TSE:FIH.U)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$17.24 and traded as low as C$17.05. Fairfax India shares last traded at C$18.02, with a volume of 42,643 shares trading hands.

Fairfax India Trading Up 5.5%

The company has a fifty day moving average of C$17.24 and a two-hundred day moving average of C$17.57. The company has a quick ratio of 0.50, a current ratio of 4.56 and a debt-to-equity ratio of 16.41. The stock has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 69.31, a P/E/G 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.