Fairfax India (OTCMKTS:FFXDF) Shares Gap Up – Time to Buy?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF) shares gapped up before the market opened on Thursday . The stock had previously closed at $17.53, but opened at $18.00. Fairfax India shares last traded at $17.2770, with a volume of 6,916 shares traded.

Fairfax India Stock Performance

The stock has a fifty day simple moving average of $17.71 and a two-hundred day simple moving average of $17.28. The stock has a market cap of $2.24 billion, a PE ratio of 5.46 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04.

Fairfax India (OTCMKTS:FFXDF) last posted its quarterly earnings data on Thursday, February 19th. The company reported $2.53 earnings per share for the quarter.

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.