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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s stock price gapped down before the market opened 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 trading hands.

Fairfax India Price Performance

The firm has a market capitalization of $2.63 billion, a P/E ratio of 13.08 and a beta of 0.85. 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 business has a 50 day simple moving average of $18.42 and a two-hundred day simple moving average of $17.86.

Fairfax India (OTCMKTS:FFXDF) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $0.36 by $1.34. The business had revenue of ($111.49) million during the quarter, compared to analysts’ expectations 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.