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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $17.40, but opened at $18.39. Fairfax India shares last traded at $17.84, with a volume of 4,639 shares trading hands.

Fairfax India Stock Up 1.7%

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $2.38 billion, a PE ratio of 5.82 and a beta of 0.82. The company has a 50 day moving average price of $17.49 and a 200-day moving average price of $17.37.

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

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.