Fairfax India (OTCMKTS:FFXDF) Shares Gap Down – Time to Sell?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $19.54, but opened at $17.98. Fairfax India shares last traded at $17.98, with a volume of 1,035 shares traded.

Fairfax India Stock Down 2.9%

The firm has a market cap of $2.54 billion, a PE ratio of 12.64 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. The business has a fifty day moving average price of $18.51 and a two-hundred day moving average price of $17.88.

Fairfax India (OTCMKTS:FFXDF) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $1.34. The business had revenue of ($111.49) million for the quarter, compared to analyst estimates of $3.72 million.

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.