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

Shares of Fairfax India Holdings Corp (TSE:FIH.U) hit a new 52-week high during trading on Monday . The company traded as high as C$19.88 and last traded at C$19.78, with a volume of 29054 shares changing hands. The stock had previously closed at C$19.10.

Fairfax India Stock Down 1.6 %

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’s 50-day moving average price is C$16.60 and its two-hundred day moving average price is C$15.46. The stock has a market capitalization of C$2.00 billion, a PE ratio of 11.31, a P/E/G ratio of 0.71 and a beta of 1.49.

Insider Buying and Selling at Fairfax India

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

About Fairfax India

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.