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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares gapped up before the market opened on Wednesday . The stock had previously closed at $17.00, but opened at $17.78. Fairfax India shares last traded at $17.98, with a volume of 1,418 shares changing hands.

Fairfax India Price Performance

The stock has a 50-day moving average price of $17.78 and a two-hundred day moving average price of $17.46. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 9.75 and a beta of 0.86.

Fairfax India (OTCMKTS:FFXDF) last announced its earnings results on Thursday, April 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($3.12). The company 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.