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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) gapped up prior to trading on Wednesday . The stock had previously closed at $17.00, but opened at $17.78. Fairfax India shares last traded at $17.98, with a volume of 1,418 shares.

Fairfax India Trading Up 1.1%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market capitalization of $2.45 billion, a P/E ratio of 9.84 and a beta of 0.86. The firm has a fifty day moving average price of $17.83 and a 200-day moving average price of $17.49.

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 company had revenue of ($379.97) million during the quarter, compared to analyst estimates of $3.72 million.

About Fairfax India

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.