Fairfax India (OTCMKTS:FFXDF) Sees Strong Trading Volume – What’s Next?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw an uptick in trading volume on Monday . Approximately 58,130 shares changed hands during trading, an increase of 67% from the previous session’s volume of 34,745 shares.The stock last traded at $17.08 and had previously closed at $17.10.

Fairfax India Trading Down 0.9%

The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 9.64 and a beta of 0.86. The business’s 50 day moving average is $17.78 and its 200 day moving average is $17.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04.

Fairfax India (OTCMKTS:FFXDF) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($3.12). The business had revenue of ($379.97) million during the quarter, compared to the consensus estimate of $3.72 million.

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.