Fairfax India (TSE:FIH.U) Reaches New 1-Year High – Time to Buy?

Fairfax India Holdings Corp (TSE:FIH.U) shares hit a new 52-week high during trading on Monday . The stock 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 firm has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.71 and a beta of 1.49. The company has a 50-day moving average of C$15.76 and a 200-day moving average of 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.

Insiders Place Their Bets

In related news, Director Brian Johnston Porter bought 5,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost 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.