Fairfax India (TSE:FIH.U) Stock Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Technical signal: Fairfax India shares crossed above its 50‑day moving average (C$17.40) on Wednesday, trading as high as C$18.47 and last at C$18.40 on volume of 74,184, and currently sit above the 200‑day MA (C$17.20).
• Valuation and financial snapshot: The company has a market cap of C$2.47B with a low P/E of 6.03 and PEG of 0.71, but shows mixed liquidity and leverage metrics with a quick ratio of 0.50, current ratio of 4.56 and a high debt‑to‑equity of 16.41.

Fairfax India Holdings Corp (TSE:FIH.U - ) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$17.40 and traded as high as C$18.47. Fairfax India shares last traded at C$18.40, with a volume of 74,184 shares changing hands.

Fairfax India Stock Performance

The company has a market cap of C$2.47 billion, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 0.71 and a beta of 0.65. The company's 50-day moving average is C$17.40 and its two-hundred day moving average is C$17.20. The company has a quick ratio of 0.50, a current ratio of 4.56 and a debt-to-equity ratio of 16.41.

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. The company operates through investing in the India segment and it earns income through the source of interest and dividends.

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