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Fairfax India (TSE:FIH.U) Shares Cross Above 50 Day Moving Average - Here's Why

Fairfax India logo with Finance background

Fairfax India Holdings Corp (TSE:FIH.U - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$15.90 and traded as high as C$17.60. Fairfax India shares last traded at C$17.33, with a volume of 24,462 shares changing hands.

Fairfax India Stock Performance

The company has a market capitalization of C$1.86 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.71 and a beta of 1.49. The company has a current ratio of 4.56, a quick ratio of 0.50 and a debt-to-equity ratio of 16.41. The stock's 50-day moving average price is C$15.90 and its 200-day moving average price is C$15.13.

Insider Buying and Selling

In related news, Director Brian Johnston Porter bought 5,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of C$22.42 per share, with a total value of C$112,104.00. 27.52% of the stock is currently owned by insiders.

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.

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