Fairfax India (TSE:FIH.U) Trading 2.9% Higher – What’s Next?

Fairfax India Holdings Corp (TSE:FIH.U) shares were up 2.9% on Thursday . The stock traded as high as C$16.21 and last traded at C$16.13. Approximately 40,834 shares traded hands during trading, an increase of 91% from the average daily volume of 21,340 shares. The stock had previously closed at C$15.68.

Fairfax India Trading Up 2.2 %

The firm’s fifty day simple moving average is C$15.76 and its 200 day simple moving average is C$15.02. 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 stock has a market capitalization of C$1.73 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 0.71 and a beta of 1.49.

Insider Buying and Selling

In other news, Director Brian Johnston Porter acquired 5,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of C$22.42 per share, with a total value of C$112,104.00. 27.52% of the stock is owned by corporate insiders.

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.