Fairfax India (TSE:FIH.U) Stock Price Up 10.6%
Fairfax India Holdings Corp (TSE:FIH.U)’s stock price rose 10.6% during mid-day trading on Monday . The stock traded as high as C$8.94 and last traded at C$8.90, approximately 11,547 shares traded hands during trading. The stock had previously closed at C$8.05.
Separately, Royal Bank of Canada dropped their target price on Fairfax India from C$17.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Sunday, May 17th.
The stock has a market cap of $1.03 billion and a P/E ratio of 4.44. The firm’s fifty day moving average price is C$7.95 and its two-hundred day moving average price is C$10.17. The company has a debt-to-equity ratio of 25.18, a current ratio of 0.15 and a quick ratio of 0.14.
Fairfax India Holdings Corporation, an investment holding company, engages in investment activities in India. The company invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted in, or dependent on, India.
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