Fairfax India (OTCMKTS:FFXDF) Releases Quarterly Earnings Results, Beats Estimates By $1.34 EPS

Fairfax India (OTCMKTS:FFXDF) announced its earnings results on Thursday. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $1.34, Zacks reports.

Fairfax India Price Performance

FFXDF stock traded up $0.02 during midday trading on Thursday, reaching $18.19. The company had a trading volume of 12,443 shares, compared to its average volume of 36,735. The firm has a 50-day moving average price of $18.02 and a 200-day moving average price of $17.70. The company has a market capitalization of $2.45 billion, a P/E ratio of 9.83 and a beta of 0.85. Fairfax India has a 1 year low of $15.46 and a 1 year high of $20.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04.

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.