Fairfax India (TSE:FIH.U) Stock Price Up 2.9% – Here’s Why

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

Fairfax India Price Performance

The business’s 50-day moving average price is C$15.76 and its 200 day moving average price is C$15.00. 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 company has a market capitalization of C$1.70 billion, a P/E ratio of 9.60, 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 purchased 5,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was purchased 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 company 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.