Fairfax India (OTCMKTS:FFXDF) Shares Down 1.5% – Here’s What Happened

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares fell 1.5% during mid-day trading on Tuesday . The stock traded as low as $16.8860 and last traded at $16.8860. 30,979 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 41,231 shares. The stock had previously closed at $17.15.

Fairfax India Trading Down 0.3%

The firm’s 50-day moving average price is $16.67 and its 200 day moving average price is $17.76. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 70.13 and a beta of 0.81. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.20.

Fairfax India (OTCMKTS:FFXDF) last released its earnings results on Thursday, November 6th. The company reported $0.02 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.