Fairfax India (OTCMKTS:FFXDF) Stock Price Breaks Below 50 Day Moving Average on Disappointing Earnings

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s share price passed below its fifty day moving average during trading on Tuesday following a dissappointing earnings announcement. The stock has a fifty day moving average of $17.92 and traded as low as $17.81. Fairfax India shares last traded at $17.9199, with a volume of 24,608 shares.

The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08).

Fairfax India Stock Down 1.2%

The firm has a market capitalization of $2.42 billion, a PE ratio of 12.03 and a beta of 0.86. The company has a fifty day moving average price of $17.92 and a 200-day moving average price of $17.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.14 and a current ratio of 0.14.

Fairfax India Company Profile

Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing long-term investments in India and India-related businesses. The company seeks opportunities across a range of sectors, including financial services, infrastructure, industrial operations, consumer products and other businesses that may benefit from India’s economic development.

Fairfax India has invested in both publicly traded and private companies, with its portfolio historically including interests in businesses such as Bangalore International Airport Limited and other Indian financial, industrial and infrastructure enterprises.