Fairfax India (OTCMKTS:FFXDF) Sees Large Volume Increase – Should You Buy?

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw strong trading volume on Thursday . 70,306 shares traded hands during trading, an increase of 98% from the previous session’s volume of 35,585 shares.The stock last traded at $18.99 and had previously closed at $18.91.

Fairfax India Stock Performance

The firm has a market cap of $2.56 billion, a P/E ratio of 12.75 and a beta of 0.85. 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 business’s 50-day simple moving average is $18.23 and its 200 day simple moving average is $17.76.

Fairfax India (OTCMKTS:FFXDF) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $1.34. The firm had revenue of ($111.49) million during 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.