Fairfax India (TSE:FIH.U) Stock Passes Below 50 Day Moving Average – Time to Sell?

Fairfax India Holdings Corp (TSE:FIH.UGet Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$17.73 and traded as low as C$16.97. Fairfax India shares last traded at C$17.20, with a volume of 58,290 shares trading hands.

Fairfax India Trading Down 3.4%

The firm has a market capitalization of C$2.31 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.71 and a beta of 0.79. 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’s 50-day simple moving average is C$17.73 and its 200 day simple moving average is C$17.44.

Fairfax India Company Profile

(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. The company operates through investing in the India segment and it earns income through the source of interest and dividends.

Featured Articles

Receive News & Ratings for Fairfax India Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairfax India and related companies with MarketBeat.com's FREE daily email newsletter.