Fairfax India (TSE:FIH.U) Trading 2.9% Higher – Still a Buy?

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

Fairfax India Stock Up 2.2 %

The stock has a market cap of C$1.73 billion, a P/E ratio of 9.81, a PEG ratio of 0.71 and a beta of 1.49. 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 firm’s 50-day moving average is C$15.76 and its two-hundred day moving average is C$15.02.

Insider Activity

In other Fairfax India news, Director Brian Johnston Porter purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost 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.

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.