Fairfax India (OTCMKTS:FFXDF) Shares Gap Up – What’s Next?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $17.50, but opened at $18.29. Fairfax India shares last traded at $17.31, with a volume of 5,425 shares changing hands.

Fairfax India Trading Down 2.1%

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’s 50-day moving average price is $17.10 and its 200-day moving average price is $17.59. The firm has a market capitalization of $2.31 billion, a PE ratio of 71.38 and a beta of 0.80.

Fairfax India (OTCMKTS:FFXDF) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share 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.