Fairfax India (TSE:FIH.U) Sets New 52-Week High – Here’s What Happened

Fairfax India Holdings Corp (TSE:FIH.U) reached a new 52-week high during trading on Thursday . The company traded as high as C$19.23 and last traded at C$19.15, with a volume of 28211 shares traded. The stock had previously closed at C$18.95.

Fairfax India Stock Up 1.3%

The firm’s 50 day moving average price is C$18.28 and its two-hundred day moving average price is C$17.77. The firm has a market capitalization of C$2.58 billion, a PE ratio of 12.89, a P/E/G ratio of 0.71 and a beta of 0.75. The company has a quick ratio of 0.50, a current ratio of 4.56 and a debt-to-equity ratio of 16.41.

Fairfax India (TSE:FIH.U) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$2.42 EPS for the quarter. Fairfax India had a net margin of 56.53% and a return on equity of 7.81%. As a group, research analysts forecast 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.