Fairfax India (OTCMKTS:FFXDF) Hits New 52-Week High – Still a Buy?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.49 and last traded at $18.09, with a volume of 6163 shares. The stock had previously closed at $18.00.

Fairfax India Trading Up 1.2%

The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $16.76 and a 200 day moving average of $17.69. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 75.42 and a beta of 0.80.

Fairfax India (OTCMKTS:FFXDF) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.02 earnings per share 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.