Fairfax India (OTCMKTS:FFXDF) Sees Strong Trading Volume – Here’s What Happened

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares saw unusually-high trading volume on Thursday . Approximately 70,306 shares traded hands during trading, an increase of 98% from the previous session’s volume of 35,585 shares.The stock last traded at $18.99 and had previously closed at $18.91.

Fairfax India Price Performance

The firm has a 50-day simple moving average of $18.20 and a two-hundred day simple moving average of $17.74. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 12.85 and a beta of 0.85. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15.

Fairfax India (OTCMKTS:FFXDF) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $1.34. The company had revenue of ($111.49) million during the quarter, compared to analyst estimates 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.