Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF – Get Free Report) crossed below its 50-day moving average during trading on Tuesday following a dissappointing earnings announcement. The stock has a 50-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 traded.
The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.08).
Fairfax India Stock Down 1.2%
The company has a market cap of $2.42 billion, a PE ratio of 12.03 and a beta of 0.86. The company’s 50 day moving average is $17.92 and its 200 day moving average is $17.86. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.17.
About Fairfax India
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.
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