Fairfax India (OTCMKTS:FFXDF) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw unusually-strong trading volume on Wednesday . Approximately 30,192 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 34,095 shares.The stock last traded at $18.1101 and had previously closed at $18.07.

Fairfax India Trading Down 0.8%

The firm’s 50 day simple moving average is $17.65 and its two-hundred day simple moving average is $17.33. The stock has a market capitalization of $2.42 billion, a P/E ratio of 5.91 and a beta of 0.80. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.20.

Fairfax India (OTCMKTS:FFXDF) last released 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.