Fairfax India (OTCMKTS:FFXDF) Shares Gap Up – Time to Buy?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $17.53, but opened at $18.00. Fairfax India shares last traded at $17.2770, with a volume of 6,916 shares.

Fairfax India Stock Down 0.7%

The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 5.73 and a beta of 0.80. 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 50-day moving average of $17.74 and a 200-day moving average of $17.29.

Fairfax India (OTCMKTS:FFXDF) last released its earnings results on Thursday, February 19th. The company reported $2.53 EPS for the quarter.

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.