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

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw strong trading volume on Tuesday. 52,838 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 33,354 shares. The stock last traded at $17.49 and had previously closed at $17.50.

Fairfax India Price Performance

The firm has a market capitalization of $2.45 billion, a P/E ratio of 12.19 and a beta of 0.83. The business’s 50-day simple moving average is $18.11 and its 200 day simple moving average is $17.99. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.17.

Fairfax India (OTCMKTS:FFXDF) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.70 earnings per share 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 the consensus estimate of $3.72 million.

Fairfax India Company Profile

Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing long-term investments in India and India-related businesses. The company seeks opportunities across a range of sectors, including financial services, infrastructure, industrial operations, consumer products and other businesses that may benefit from India’s economic development.

Fairfax India has invested in both publicly traded and private companies, with its portfolio historically including interests in businesses such as Bangalore International Airport Limited and other Indian financial, industrial and infrastructure enterprises.