Fairfax India (OTCMKTS:FFXDF) Sees Strong Trading Volume – Still a Buy?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw unusually-high 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 Stock Performance

The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 5.70 and a beta of 0.80. The firm has a 50-day simple moving average of $17.73 and a two-hundred day simple moving average of $17.29. 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, February 19th. The company reported $2.53 earnings per share (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.