Fairfax India (TSE:FIH.U) Hits New 12-Month High – Here’s Why

Fairfax India Holdings Corp (TSE:FIH.U) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$18.94 and last traded at C$18.86, with a volume of 67943 shares changing hands. The stock had previously closed at C$18.92.

Fairfax India Stock Performance

The firm has a fifty day simple moving average of C$18.20 and a 200 day simple moving average of C$17.73. 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 has a market cap of C$2.54 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.71 and a beta of 0.75.

Fairfax India (TSE:FIH.U) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$2.42 earnings per share for the quarter. Fairfax India had a return on equity of 7.81% and a net margin of 56.53%. As a group, sell-side analysts expect that Fairfax India Holdings Corp will post -0.28 earnings per share for the current year.

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.