Fairfax India (TSE:FIH.U) Hits New 1-Year High – Should You Buy?

Fairfax India Holdings Corp (TSE:FIH.U)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$18.94 and last traded at C$18.86, with a volume of 67943 shares changing hands. The stock had previously closed at C$18.92.

Fairfax India Price Performance

The stock has a fifty day moving average of C$18.23 and a 200-day moving average of C$17.74. 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 capitalization of C$2.55 billion, a P/E ratio of 12.76, a PEG ratio of 0.71 and a beta of 0.75.

Fairfax India (TSE:FIH.U) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$2.42 earnings per share (EPS) for the quarter. Fairfax India had a net margin of 56.53% and a return on equity of 7.81%. Equities analysts predict that Fairfax India Holdings Corp will post -0.28 EPS for the current fiscal year.

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