Fairfax India (OTCMKTS:FFXDF) Posts Earnings Results, Beats Expectations By $1.34 EPS

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

Fairfax India Stock Performance

OTCMKTS FFXDF remained flat at $18.17 during trading hours on Thursday. 12,443 shares of the company’s stock were exchanged, compared to its average volume of 36,708. The stock has a market capitalization of $2.45 billion, a PE ratio of 9.82 and a beta of 0.85. 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 has a 12-month low of $15.46 and a 12-month high of $20.49. The stock has a 50 day simple moving average of $18.02 and a 200 day simple moving average of $17.70.

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.