Fairfax India (OTCMKTS:FFXDF) Sees Large Volume Increase – What’s Next?

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw strong trading volume on Wednesday . 107,856 shares were traded during trading, an increase of 209% from the previous session’s volume of 34,896 shares.The stock last traded at $17.48 and had previously closed at $17.8750.

Fairfax India Trading Down 2.2%

The company has a market cap of $2.36 billion, a P/E ratio of 5.75 and a beta of 0.80. The firm’s 50 day moving average is $17.74 and its two-hundred day moving average is $17.29. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15.

Fairfax India (OTCMKTS:FFXDF) last announced its earnings results on Thursday, February 19th. The company reported $2.53 EPS for the quarter.

About Fairfax India

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.