Fairfax India (TSE:FIH.U) Stock Crosses Below 50 Day Moving Average – What’s Next?

Fairfax India Holdings Corp (TSE:FIH.U)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$18.56 and traded as low as C$17.50. Fairfax India shares last traded at C$17.85, with a volume of 13,357 shares traded.

Fairfax India Trading Up 5.2%

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 stock’s 50 day moving average is C$18.53 and its two-hundred day moving average is C$17.92. The company has a market capitalization of C$2.46 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.71 and a beta of 0.71.

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

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.