Fairfax India (TSE:FIH.U) Reaches New 52-Week High – What’s Next?

Shares of Fairfax India Holdings Corp (TSE:FIH.U) reached a new 52-week high during trading on Monday . The company traded as high as C$16.86 and last traded at C$16.82, with a volume of 33689 shares. The stock had previously closed at C$16.48.

Fairfax India Stock Performance

The stock’s 50-day moving average is C$15.76 and its 200-day moving average is C$15.02. 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 market cap of C$1.77 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 0.71 and a beta of 1.49.

Insider Transactions at Fairfax India

In other news, Director Brian Johnston Porter purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of C$22.42 per share, with a total value of C$112,104.00. Company insiders own 27.52% of the company’s stock.

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.