Fairfax India (TSE:FIH.U) Sets New 52-Week High at $13.74

Fairfax India Holdings Corp (TSE:FIH.U – Get Rating)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$13.74 and last traded at C$13.74, with a volume of 131 shares trading hands. The stock had previously closed at C$13.62.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut their price objective on Fairfax India from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Wednesday, November 16th.

Fairfax India Trading Up 3.1 %

The stock has a 50 day moving average of C$12.26 and a 200-day moving average of C$11.00. The company has a market capitalization of C$1.95 billion and a P/E ratio of 234.83. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 18.30.

Fairfax India Company Profile

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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.