Fairfax India (OTCMKTS:FFXDF) Hits New 52-Week High – Here’s Why

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) reached a new 52-week high on Tuesday . The stock traded as high as $20.49 and last traded at $18.09, with a volume of 6163 shares traded. The stock had previously closed at $18.00.

Fairfax India Trading Up 0.4%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 75.28 and a beta of 0.80. The business has a 50-day simple moving average of $16.69 and a two-hundred day simple moving average of $17.68.

Fairfax India (OTCMKTS:FFXDF) last announced its earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter.

About Fairfax India

Fairfax India (OTCMKTS:FFXDF) is a Bermuda‐incorporated, Toronto‐based investment holding company that focuses on equity and debt opportunities within India’s rapidly evolving economy. Publicly traded on the OTC market under the symbol FFXDF, the firm seeks to deliver long‐term capital appreciation through a diversified portfolio of Indian financial services, consumer products, healthcare, and industrial enterprises.

The company’s primary activities include making direct equity investments in publicly listed Indian companies as well as participating in private placements and structured debt instruments.