Fairfax India (OTCMKTS:FFXDF) Sees Large Volume Increase – Here’s What Happened

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares saw unusually-high trading volume on Monday . Approximately 89,366 shares were traded during mid-day trading, an increase of 167% from the previous session’s volume of 33,473 shares.The stock last traded at $17.44 and had previously closed at $17.99.

Fairfax India Trading Down 3.3%

The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average is $17.48 and its 200 day moving average is $17.38. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 5.72 and a beta of 0.82.

Fairfax India (OTCMKTS:FFXDF) last posted its earnings results on Thursday, February 19th. The company reported $2.53 EPS for the quarter.

Fairfax India Company Profile

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.