Fairfax India (OTCMKTS:FFXDF) Shares Gap Down – Time to Sell?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares gapped down before the market opened on Friday. The stock had previously closed at $17.68, but opened at $17.09. Fairfax India shares last traded at $17.20, with a volume of 2,095 shares changing hands.

Fairfax India Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market capitalization of $2.29 billion, a P/E ratio of 11.41 and a beta of 0.83. The stock’s 50 day simple moving average is $18.32 and its 200 day simple moving average is $17.92.

Fairfax India (OTCMKTS:FFXDF) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $1.34. The firm had revenue of ($111.49) million during the quarter, compared to analysts’ expectations of $3.72 million.

About Fairfax India

Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing investments in India and businesses connected to the Indian economy. The company seeks long-term capital appreciation through investments in both public and private companies, with an emphasis on businesses that it believes have experienced management teams and attractive growth prospects.

Fairfax India’s investments have included interests in sectors such as infrastructure, financial services, chemicals, shipping, and airport operations.