Fairfax India (TSE:FIH.U) Stock Price Up 2.2% – Still a Buy?

Shares of Fairfax India Holdings Corp (TSE:FIH.U) rose 2.2% during mid-day trading on Monday . The company traded as high as C$18.10 and last traded at C$18.10. Approximately 79,600 shares changed hands during trading, an increase of 50% from the average daily volume of 53,222 shares. The stock had previously closed at C$17.71.

Fairfax India Stock Performance

The company has a market cap of C$2.44 billion, a P/E ratio of 69.62, a PEG ratio of 0.71 and a beta of 0.59. 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 50 day moving average price of C$16.73 and a 200-day moving average price of C$17.72.

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.