Fairfax India (TSE:FIH.U) Sets New 1-Year High – What’s Next?

Fairfax India Holdings Corp (TSE:FIH.U)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$18.00 and last traded at C$18.10, with a volume of 79220 shares. The stock had previously closed at C$17.66.

Fairfax India Stock Up 2.5 %

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 capitalization of C$1.90 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.71 and a beta of 1.49. The firm has a fifty day simple moving average of C$16.08 and a 200-day simple moving average of C$15.24.

Insider Buying and Selling

In other Fairfax India news, Director Brian Johnston Porter acquired 5,000 shares of Fairfax India stock in a transaction dated Wednesday, December 18th. The stock was 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 owned by corporate insiders.

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.