Fairfax India (TSE:FIH.U) Hits New 12-Month High – Time to Buy?

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

Fairfax India Stock Performance

The company has a market capitalization of C$1.90 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.71 and a beta of 1.49. The company has a 50 day moving average price of C$16.08 and a 200 day moving average price of C$15.24. The company has a debt-to-equity ratio of 16.41, a quick ratio of 0.50 and a current ratio of 4.56.

Insider Buying and Selling at Fairfax India

In other Fairfax India news, Director Brian Johnston Porter purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of C$22.42 per share, with a total value of C$112,104.00. 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.