Fairfax India (TSE:FIH.U) Shares Pass Below 50 Day Moving Average - Time to Sell?

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.

Fairfax India Holdings Corp (TSE:FIH.U - ) passed below its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

Fairfax India Trading Down 0.3%

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 stock's 50 day moving average price is C$18.91 and its 200-day moving average price is C$17.82. The stock has a market capitalization of C$2.41 billion, a P/E ratio of 36.43, a P/E/G ratio of 0.71 and a beta of 0.99.

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.

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