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

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw unusually-strong trading volume on Friday . Approximately 39,188 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 37,369 shares.The stock last traded at $17.98 and had previously closed at $17.9050.

Fairfax India Stock Performance

The company has a 50-day moving average price of $17.94 and a two-hundred day moving average price of $17.68. The stock has a market capitalization of $2.42 billion, a P/E ratio of 9.69 and a beta of 0.85. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15.

Fairfax India (OTCMKTS:FFXDF) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($3.12). The firm had revenue of ($379.97) million for 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.