Fairfax India (TSE:FIH.U) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Fairfax India Holdings Corp (TSE:FIH.U)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$17.97 and traded as low as C$16.30. Fairfax India shares last traded at C$16.35, with a volume of 78,162 shares traded.

Fairfax India Price Performance

The stock’s 50 day simple moving average is C$17.97 and its 200-day simple moving average is C$16.28. The firm has a market cap of C$1.72 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.71 and a beta of 1.49. The company has a debt-to-equity ratio of 16.41, a quick ratio of 0.50 and a current ratio of 4.56.

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.