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

by · The Cerbat Gem

Shares of Fairfax India Holdings Corp (TSE:FIH.U – Get Free Report) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$18.14 and traded as low as C$17.42. Fairfax India shares last traded at C$18.18, with a volume of 93,365 shares traded.

Fairfax India Stock Performance

The company has a debt-to-equity ratio of 16.41, a quick ratio of 0.50 and a current ratio of 4.56. The company has a 50 day moving average price of C$18.10 and a 200 day moving average price of C$18.00. The company has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 0.71 and a beta of 0.75.

Fairfax India (TSE:FIH.U – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$2.42 earnings per share for the quarter. Fairfax India had a return on equity of 7.81% and a net margin of 56.53%. Equities research analysts predict that Fairfax India Holdings Corp will post -0.28 earnings per share for the current fiscal year.

Fairfax India Company Profile

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

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