Fairfax India (TSE:FIH.U) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Fairfax India Holdings Corp (TSE:FIH.U) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$17.69 and traded as low as C$17.15. Fairfax India shares last traded at C$17.80, with a volume of 21,434 shares changing hands.

Fairfax India Price Performance

The company has a debt-to-equity ratio of 16.41, a quick ratio of 0.50 and a current ratio of 4.56. The company’s fifty day moving average price is C$17.69 and its 200 day moving average price is C$16.07. The firm has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.71 and a beta of 1.49.

Insider Buying and Selling at Fairfax India

In related news, Director Brian Johnston Porter purchased 5,000 shares of the company’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. 27.52% of the stock is currently owned by company insiders.

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.