Fairfax India (OTCMKTS:FFXDF) Shares Gap Down – Should You Sell?

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.

Fairfax India Stock Performance

The stock has a market cap of $2.44 billion, a PE ratio of 9.79 and a beta of 0.86. The stock has a fifty day moving average of $17.61 and a 200-day moving average of $17.38. 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 data on Thursday, April 30th. The company reported ($2.76) earnings per share 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.

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.