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

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) saw unusually-strong trading volume on Wednesday. Approximately 27,658 shares were traded during mid-day 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 5.7%

The stock’s 50 day moving average is $18.18 and its two-hundred day moving average is $17.95. The company has a market capitalization of $2.42 billion, a PE ratio of 11.41 and a beta of 0.83. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.17.

Fairfax India (OTCMKTS:FFXDF) last posted its earnings results on Thursday, July 30th. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $1.34. The business had revenue of ($111.49) million for the quarter, compared to analysts’ expectations 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.