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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) gapped down before the market opened on Friday. The stock had previously closed at $17.5880, but opened at $16.93. Fairfax India shares last traded at $17.70, with a volume of 1,094 shares trading hands.

Fairfax India Stock Performance

The firm has a market capitalization of $2.37 billion, a PE ratio of 10.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.14 and a current ratio of 0.14. The company’s fifty day moving average price is $17.75 and its two-hundred day moving average price is $17.85.

Fairfax India (OTCMKTS:FFXDF) last released its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). The company had revenue of $39.91 million for the quarter, compared to analysts’ expectations of $3.72 million.

Fairfax India Company Profile

Fairfax India Holdings Corporation is an investment holding company focused on building long-term value through investments in businesses based in India or with significant operations there. Rather than providing products or services directly to consumers, it invests in public and private companies across a range of industries. Incorporated in 2014, Fairfax India is sponsored and managed by Fairfax Financial Holdings Limited, the Canadian insurance and investment group founded by Prem Watsa. Its portfolio has included businesses in sectors such as financial services, infrastructure, logistics and manufacturing.