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Fairfax India (OTCMKTS:FFXDF) Shares Up 0.4% - Time to Buy?

Fairfax India logo with Finance background

Key Points

  • Fairfax India Holdings Corporation shares increased by 0.4% during trading, reaching a last price of $17.26, although trading volume was significantly lower compared to the average session.
  • The company reported an earnings per share (EPS) of $2.06 for the latest quarter, emphasizing its ongoing investment strategy in public and private equity securities in India.
  • Fairfax India has a market capitalization of $2.33 billion and displays a relatively low beta of 0.83, indicating less volatility compared to the overall market.
  • Five stocks to consider instead of Fairfax India.

Fairfax India Holdings Corporation (OTCMKTS:FFXDF - Get Free Report)'s stock price shot up 0.4% during trading on Thursday . The company traded as high as $17.50 and last traded at $17.26. 11,087 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 31,032 shares. The stock had previously closed at $17.20.

Fairfax India Stock Performance

The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 36.73 and a beta of 0.83. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.17. The stock's 50-day simple moving average is $17.69 and its 200 day simple moving average is $17.80.

Fairfax India (OTCMKTS:FFXDF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.06 EPS for the quarter.

About Fairfax India

(Get Free Report)

Fairfax India Holdings Corporation operates as an investment holding company in India. It invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted and dependent in India. The company was incorporated in 2014 and is headquartered in Toronto, Canada.

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