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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares gapped up prior to trading on Thursday . The stock had previously closed at $17.53, but opened at $18.00. Fairfax India shares last traded at $17.2770, with a volume of 6,916 shares trading hands.

Fairfax India Price Performance

The firm has a 50 day moving average price of $17.74 and a two-hundred day moving average price of $17.29. The company has a market cap of $2.35 billion, a P/E ratio of 5.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04.

Fairfax India (OTCMKTS:FFXDF) last released its quarterly earnings data on Thursday, February 19th. The company reported $2.53 EPS for the quarter.

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.