Fairfax India (TSE:FIH.U) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Fairfax India Holdings Corp (TSE:FIH.U) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$15.90 and traded as high as C$17.60. Fairfax India shares last traded at C$17.33, with a volume of 24,462 shares changing hands.

Fairfax India Price Performance

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 has a market cap of C$1.82 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 0.71 and a beta of 1.49. The stock’s 50-day simple moving average is C$15.90 and its 200 day simple moving average is C$15.13.

Insider Transactions at Fairfax India

In other Fairfax India news, Director Brian Johnston Porter purchased 5,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of C$22.42 per share, for a total transaction of C$112,104.00. Company insiders own 27.52% of the company’s stock.

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.