Fairfax India (OTCMKTS:FFXDF) Sees Unusually-High Trading Volume – Still a Buy?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares saw strong trading volume on Friday . Approximately 39,188 shares changed hands during trading, an increase of 5% from the previous session’s volume of 37,369 shares.The stock last traded at $17.98 and had previously closed at $17.9050.

Fairfax India Stock Performance

The stock has a market capitalization of $2.42 billion, a PE ratio of 9.71 and a beta of 0.85. The firm’s fifty day moving average is $17.96 and its 200-day moving average is $17.68. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15.

Fairfax India (OTCMKTS:FFXDF) last announced its earnings results on Thursday, April 30th. The company reported ($2.76) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($3.12). The business had revenue of ($379.97) million for the quarter, compared to the consensus estimate 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.