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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares saw an uptick in trading volume on Monday . Approximately 58,130 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 34,745 shares.The stock last traded at $17.08 and had previously closed at $17.10.

Fairfax India Stock Down 1.4%

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $17.77 and a 200-day moving average price of $17.45. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 9.11 and a beta of 0.86.

Fairfax India (OTCMKTS:FFXDF) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($2.76) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($3.12). The company had revenue of ($379.97) million for the quarter, compared to analysts’ expectations of $3.72 million.

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.