Fairfax India (OTCMKTS:FFXDF) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw unusually-high trading volume on Wednesday. Approximately 27,658 shares traded hands during trading, a decline of 14% from the previous session’s volume of 32,226 shares. The stock last traded at $17.09 and had previously closed at $17.00.

Fairfax India Trading Up 0.6%

The business has a fifty day moving average of $18.23 and a 200-day moving average of $17.93. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 11.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.14 and a quick ratio of 0.14.

Fairfax India (OTCMKTS:FFXDF) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $0.36 by $1.34. The business had revenue of ($111.49) million during the quarter, compared to the consensus estimate of $3.72 million.

About Fairfax India

Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing investments in India and businesses connected to the Indian economy. The company seeks long-term capital appreciation through investments in both public and private companies, with an emphasis on businesses that it believes have experienced management teams and attractive growth prospects.

Fairfax India’s investments have included interests in sectors such as infrastructure, financial services, chemicals, shipping, and airport operations.