Fairfax India (OTCMKTS:FFXDF) Posts Earnings Results, Misses Expectations By $3.12 EPS

Fairfax India (OTCMKTS:FFXDF) issued its quarterly earnings results on Thursday. The company reported ($2.76) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($3.12), Zacks reports.

Fairfax India Stock Down 2.0%

FFXDF stock traded down $0.35 during midday trading on Friday, hitting $17.48. The company’s stock had a trading volume of 39,653 shares, compared to its average volume of 35,459. The company has a market cap of $2.36 billion, a PE ratio of 5.75 and a beta of 0.87. Fairfax India has a 12 month low of $15.46 and a 12 month high of $20.49. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average is $17.44 and its 200-day moving average is $17.21.

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.