Fairfax India (OTCMKTS:FFXDF) Sees Large Volume Increase – Still a Buy?

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw unusually-high trading volume on Wednesday . Approximately 30,192 shares traded hands during trading, a decline of 11% from the previous session’s volume of 34,095 shares.The stock last traded at $18.1101 and had previously closed at $18.07.

Fairfax India Trading Down 0.6%

The company’s fifty day simple moving average is $17.60 and its two-hundred day simple moving average is $17.32. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 5.91 and a beta of 0.80. 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 quarterly earnings results on Thursday, February 19th. The company reported $2.53 earnings per share (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.