Fairfax India (TSE:FIH.U) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Fairfax India Holdings Corp (TSE:FIH.U) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$17.88 and traded as low as C$17.85. Fairfax India shares last traded at C$17.85, with a volume of 31,394 shares.

Fairfax India Price Performance

The firm has a market cap of C$2.40 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.71 and a beta of 0.75. 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 business’s 50 day moving average is C$17.88 and its two-hundred day moving average is C$17.63.

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.