Fairfax India (TSE:FIH.U) Trading Down 0.9% – Should You Sell?

Fairfax India Holdings Corp (TSE:FIH.U) dropped 0.9% during trading on Monday . The company traded as low as C$17.05 and last traded at C$17.11. Approximately 66,480 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 52,156 shares. The stock had previously closed at C$17.27.

Fairfax India Stock Performance

The stock has a 50 day moving average of C$16.74 and a 200 day moving average of C$17.81. 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 firm has a market cap of C$2.31 billion, a price-to-earnings ratio of 65.81, a P/E/G ratio of 0.71 and a beta of 0.55.

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