Fairfax India (OTCMKTS:FFXDF) Sees Strong Trading Volume – Time to Buy?

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw an uptick in trading volume on Wednesday . 86,762 shares changed hands during trading, an increase of 133% from the previous session’s volume of 37,266 shares.The stock last traded at $16.83 and had previously closed at $16.8860.

Fairfax India Stock Performance

The stock’s 50-day simple moving average is $16.68 and its 200-day simple moving average is $17.76. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 70.13 and a beta of 0.81. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.20.

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