Fairfax India (OTCMKTS:FFXDF) Sees Unusually-High Trading Volume – Here’s What Happened

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw strong trading volume on Friday . 39,188 shares traded hands during 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 Price Performance

The firm has a market cap of $2.42 billion, a P/E ratio of 9.69 and a beta of 0.85. The company has a fifty day moving average of $17.94 and a 200-day moving average of $17.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04.

Fairfax India (OTCMKTS:FFXDF) last posted its quarterly earnings data 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 business had revenue of ($379.97) million for the quarter, compared to analysts’ expectations of $3.72 million.

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.