Fairfax India (TSE:FIH.U) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Fairfax India Holdings Corp (TSE:FIH.U)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$18.41 and traded as low as C$17.76. Fairfax India shares last traded at C$17.85, with a volume of 8,228 shares.

Fairfax India Stock Up 0.1%

The company has a market cap of C$2.40 billion, a P/E ratio of 11.99, a PEG ratio of 0.71 and a beta of 0.71. The stock has a 50-day moving average of C$18.39 and a 200 day moving average of C$17.91. The company has a debt-to-equity ratio of 16.41, a current ratio of 4.56 and a quick ratio of 0.50.

Fairfax India (TSE:FIH.U) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$2.42 earnings per share for the quarter. Fairfax India had a net margin of 56.53% and a return on equity of 7.81%. Research analysts anticipate that Fairfax India Holdings Corp will post -0.28 earnings per share for the current year.

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.