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

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

Fairfax India Trading Up 1.3%

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 business’s 50 day moving average is C$18.28 and its 200-day moving average is C$17.77. The firm has a market cap of C$2.58 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 0.71 and a beta of 0.75.

Fairfax India (TSE:FIH.U) last posted 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, analysts forecast that Fairfax India Holdings Corp will post -0.28 earnings per share for the current fiscal year.

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