Fairfax India (TSE:FIH.U) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Fairfax India Holdings Corp (TSE:FIH.U) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$18.60 and traded as high as C$18.65. Fairfax India shares last traded at C$18.50, with a volume of 57,501 shares trading hands.

Fairfax India Price Performance

The company has a market capitalization of C$2.48 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.71 and a beta of 0.71. 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 company’s 50 day simple moving average is C$18.60 and its 200-day simple moving average is C$17.90.

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