Fairfax India (OTCMKTS:FFXDF) Issues Earnings Results

Fairfax India (OTCMKTS:FFXDF) issued its quarterly earnings data 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 Up 1.6%

FFXDF traded up $0.28 during midday trading on Thursday, reaching $17.83. 30,251 shares of the company were exchanged, compared to its average volume of 36,991. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The company’s fifty day moving average price is $17.44 and its 200 day moving average price is $17.20. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 5.87 and a beta of 0.82. Fairfax India has a one year low of $15.46 and a one year high of $20.49.

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.