Fairfax India (OTCMKTS:FFXDF) Shares Gap Down – Here’s What Happened

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares gapped down prior to trading on Thursday . The stock had previously closed at $19.54, but opened at $17.98. Fairfax India shares last traded at $17.98, with a volume of 1,035 shares.

Fairfax India Trading Up 0.7%

The stock has a market cap of $2.63 billion, a PE ratio of 13.08 and a beta of 0.85. The firm has a 50-day simple moving average of $18.42 and a 200-day simple moving average of $17.86. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15.

Fairfax India (OTCMKTS:FFXDF) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $1.34. The company had revenue of ($111.49) 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.