Fairfax India (OTCMKTS:FFXDF) Posts Earnings Results

Fairfax India (OTCMKTS:FFXDF) posted its earnings results on Thursday. The company reported $2.53 earnings per share for the quarter, Zacks reports.

Fairfax India Stock Up 0.5%

FFXDF stock traded up $0.08 during midday trading on Thursday, hitting $17.76. The stock had a trading volume of 39,617 shares, compared to its average volume of 32,909. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 74.00 and a beta of 0.82. The business has a 50-day moving average of $17.44 and a two-hundred day moving average of $17.40. Fairfax India has a 52-week low of $14.55 and a 52-week high of $20.49.

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.