Fairfax India (OTCMKTS:FFXDF) Trading 3.7% Higher – Still a Buy?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s share price rose 3.7% during mid-day trading on Wednesday . The stock traded as high as $17.45 and last traded at $17.45. Approximately 44,035 shares traded hands during trading, an increase of 17% from the average daily volume of 37,515 shares. The stock had previously closed at $16.8199.

Fairfax India Stock Performance

The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 72.79 and a beta of 0.81. The company’s fifty day simple moving average is $16.65 and its 200 day simple moving average is $17.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.20.

Fairfax India (OTCMKTS:FFXDF) last announced 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.