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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares saw unusually-high trading volume on Tuesday. Approximately 52,838 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 33,354 shares. The stock last traded at $17.49 and had previously closed at $17.50.

Fairfax India Stock Up 2.0%

The firm has a 50 day moving average price of $18.13 and a two-hundred day moving average price of $17.96. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 11.98 and a beta of 0.83.

Fairfax India (OTCMKTS:FFXDF) last released 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 analyst estimates 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.