Fairfax India (OTCMKTS:FFXDF) Shares Gap Down – Here’s Why
by Jessica Moore · The Cerbat GemShares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $17.15, but opened at $16.29. Fairfax India shares last traded at $17.02, with a volume of 3,278 shares changing hands.
Fairfax India Stock Down 0.1%
The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 71.42 and a beta of 0.80. The business’s 50 day simple moving average is $16.65 and its 200-day simple moving average is $17.71.
Fairfax India (OTCMKTS:FFXDF – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter.
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.