Fairfax India (OTCMKTS:FFXDF) Trading 3.7% Higher – Time to Buy?

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) traded up 3.7% on Wednesday . The company traded as high as $17.45 and last traded at $17.45. 44,035 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 37,515 shares. The stock had previously closed at $16.8199.

Fairfax India Price Performance

The stock’s 50 day moving average price is $16.66 and its 200-day moving average price is $17.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.36 billion, a PE ratio of 72.79 and a beta of 0.79.

Fairfax India (OTCMKTS:FFXDF) last announced 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.