Fairfax India (OTCMKTS:FFXDF) Sees Large Volume Increase – What’s Next?

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw unusually-strong trading volume on Wednesday . Approximately 107,856 shares changed hands during mid-day trading, an increase of 209% from the previous session’s volume of 34,896 shares.The stock last traded at $17.48 and had previously closed at $17.8750.

Fairfax India Price Performance

The stock has a market capitalization of $2.36 billion, a P/E ratio of 5.75 and a beta of 0.80. The business has a fifty day simple moving average of $17.74 and a 200-day simple moving average of $17.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04.

Fairfax India (OTCMKTS:FFXDF) last announced its quarterly earnings data on Thursday, February 19th. The company reported $2.53 EPS for the quarter.

Fairfax India Company Profile

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.