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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares saw an uptick in trading volume on Monday . 58,130 shares changed hands during 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 Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The stock’s fifty day moving average price is $17.77 and its 200-day moving average price is $17.45. The firm has a market cap of $2.27 billion, a PE ratio of 9.11 and a beta of 0.86.

Fairfax India (OTCMKTS:FFXDF) last issued 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.