Fairfax India (OTCMKTS:FFXDF) Shares Gap Down – What’s Next?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $18.1450, but opened at $16.01. Fairfax India shares last traded at $18.0950, with a volume of 1,041 shares traded.

Fairfax India Trading Down 0.1%

The stock has a 50-day simple moving average of $17.53 and a 200 day simple moving average of $17.35. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 9.74 and a beta of 0.86.

Fairfax India (OTCMKTS:FFXDF) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($2.76) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($3.12). The business had revenue of ($379.97) million during the quarter, compared to the consensus estimate of $3.72 million.

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.