Fairfax India (TSE:FIH.U) Shares Down 0.5% - Here's What Happened

Key Points

• Fairfax India Holdings Corp shares declined by 0.5%, reaching a last traded price of C$17.37.
• The stock experienced a 43% drop in trading volume compared to its average, with only 26,278 shares changing hands.
• Fairfax India has a market cap of C$2.34 billion and a notable debt-to-equity ratio of 16.41, indicating a significant reliance on debt financing.

Fairfax India Holdings Corp (TSE:FIH.U - )'s share price was down 0.5% on Monday . The stock traded as low as C$17.37 and last traded at C$17.37. Approximately 26,278 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 46,484 shares. The stock had previously closed at C$17.45.

Fairfax India Trading Down 0.5%

The business has a fifty day moving average price of C$18.18 and a 200-day moving average price of C$17.79. 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$2.34 billion, a P/E ratio of 35.45, a PEG ratio of 0.71 and a beta of 0.77.

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.

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