Fairfax India (OTCMKTS:FFXDF) Shares Gap Down – Here’s What Happened

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) gapped down prior to trading on Friday. The stock had previously closed at $17.5880, but opened at $16.93. Fairfax India shares last traded at $17.70, with a volume of 1,094 shares changing hands.

Fairfax India Price Performance

The stock has a market cap of $2.37 billion, a PE ratio of 10.09 and a beta of 0.86. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average is $17.75 and its 200 day moving average is $17.85.

Fairfax India (OTCMKTS:FFXDF) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.08). The business had revenue of $39.91 million for the quarter, compared to the consensus estimate of $3.72 million.

About Fairfax India

Fairfax India Holdings Corporation is an investment holding company focused on building long-term value through investments in businesses based in India or with significant operations there. Rather than providing products or services directly to consumers, it invests in public and private companies across a range of industries. Incorporated in 2014, Fairfax India is sponsored and managed by Fairfax Financial Holdings Limited, the Canadian insurance and investment group founded by Prem Watsa. Its portfolio has included businesses in sectors such as financial services, infrastructure, logistics and manufacturing.