Fairfax India (OTCMKTS:FFXDF) Sees Large Volume Increase – Should You Buy?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares saw unusually-high trading volume on Thursday . Approximately 70,306 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 35,585 shares.The stock last traded at $18.99 and had previously closed at $18.91.

Fairfax India Price Performance

The stock has a 50 day moving average of $18.20 and a 200-day moving average of $17.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market cap of $2.58 billion, a PE ratio of 12.85 and a beta of 0.85.

Fairfax India (OTCMKTS:FFXDF) last posted its quarterly earnings results 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 firm had revenue of ($111.49) million for the quarter, compared to analysts’ expectations of $3.72 million.

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.