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Fairfax India (TSE:FIH.U) Stock Passes Below Fifty Day Moving Average - Time to Sell?

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Key Points

  • Fairfax India Holdings Corp (TSE:FIH.U) shares have fallen below their 50-day moving average of C$18.91, trading as low as C$17.69.
  • The company's market capitalization stands at C$2.41 billion, and it has a P/E ratio of 36.43, indicating a relatively high valuation.
  • Fairfax India aims for long-term capital appreciation by investing in both public and private equity securities as well as debt instruments related to Indian businesses.
  • MarketBeat previews the top five stocks to own by November 1st.

Fairfax India Holdings Corp (TSE:FIH.U - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$18.91 and traded as low as C$17.69. Fairfax India shares last traded at C$17.85, with a volume of 6,987 shares.

Fairfax India Price Performance

The stock has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 0.71 and a beta of 0.91. The company has a current ratio of 4.56, a quick ratio of 0.50 and a debt-to-equity ratio of 16.41. The stock has a 50-day simple moving average of C$18.85 and a 200 day simple moving average of C$17.79.

About Fairfax India

(Get Free Report)

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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