Fairfax India (TSE:FIH.U) Trading 2.9% Higher – Still a Buy?

Fairfax India Holdings Corp (TSE:FIH.U)’s stock price was up 2.9% during trading on Thursday . The stock traded as high as C$16.21 and last traded at C$16.13. Approximately 40,834 shares changed hands during trading, an increase of 91% from the average daily volume of 21,340 shares. The stock had previously closed at C$15.68.

Fairfax India Trading Up 2.9 %

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 company has a market capitalization of C$1.70 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.71 and a beta of 1.49. The stock’s fifty day moving average price is C$15.76 and its two-hundred day moving average price is C$15.00.

Insiders Place Their Bets

In related news, Director Brian Johnston Porter bought 5,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of C$22.42 per share, with a total value of C$112,104.00. Company insiders own 27.52% of the company’s stock.

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.