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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares gapped up prior to trading 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 traded.

Fairfax India Stock Up 0.2%

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

Fairfax India (OTCMKTS:FFXDF) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($2.76) earnings per share for the quarter, missing analysts’ consensus estimates 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.