Fairfax India (OTCMKTS:FFXDF) Stock Price Down 1.5% – Time to Sell?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s share price dropped 1.5% during trading on Tuesday . The company traded as low as $16.8860 and last traded at $16.8860. Approximately 30,979 shares changed hands during trading, a decline of 25% from the average daily volume of 41,231 shares. The stock had previously closed at $17.15.

Fairfax India Trading Down 1.5%

The firm has a 50-day moving average of $16.68 and a two-hundred day moving average of $17.76. The firm has a market capitalization of $2.28 billion, a P/E ratio of 70.36 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 issued its earnings results on Thursday, November 6th. The company reported $0.02 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.