Fairfax India (OTCMKTS:FFXDF) Sees Large Volume Increase – Here’s What Happened

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares saw unusually-strong trading volume on Tuesday . Approximately 86,256 shares changed hands during trading, an increase of 132% from the previous session’s volume of 37,233 shares.The stock last traded at $16.9399 and had previously closed at $16.98.

Fairfax India Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 72.79 and a beta of 0.81. The stock’s fifty day moving average is $16.65 and its two-hundred day moving average is $17.72.

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