Fairfax India (OTCMKTS:FFXDF) Shares Down 2.7% – What’s Next?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) dropped 2.7% on Tuesday . The stock traded as low as $17.54 and last traded at $17.57. Approximately 18,199 shares traded hands during trading, an increase of 38% from the average session volume of 13,147 shares. The stock had previously closed at $18.06.

Fairfax India Stock Performance

The stock has a market cap of $2.37 billion, a P/E ratio of 11.79 and a beta of 0.84. The firm has a 50 day moving average of $18.46 and a two-hundred day moving average of $17.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.14 and a current ratio of 0.14.

Fairfax India (OTCMKTS:FFXDF) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $0.36 by $1.34. The business had revenue of ($111.49) million during the quarter, compared to the consensus estimate of $3.72 million.

Fairfax India Company Profile

Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing businesses and other assets in India and, more broadly, investments related to the Indian economy. The company seeks to make long-term investments in public and private companies, with an emphasis on opportunities where it can contribute capital, strategic guidance and governance expertise.

Its investment activities have included businesses in sectors such as financial services, infrastructure, industrial products, chemicals, logistics and transportation.