Fairfax India (TSE:FIH.U) Trading 0.1% Higher – Should You Buy?

Shares of Fairfax India Holdings Corp (TSE:FIH.U) shot up 0.1% on Tuesday . The stock traded as high as C$18.78 and last traded at C$18.61. 46,788 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 52,593 shares. The stock had previously closed at C$18.60.

Fairfax India Stock Up 0.1%

The firm’s 50 day moving average is C$17.32 and its two-hundred day moving average is C$17.16. The stock has a market cap of C$2.50 billion, a price-to-earnings ratio of 6.10, a P/E/G ratio of 0.71 and a beta of 0.65. The company has a current ratio of 4.56, a quick ratio of 0.50 and a debt-to-equity ratio of 16.41.

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.