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

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s stock price fell 2.7% on Tuesday . The company traded as low as $17.54 and last traded at $17.57. 18,199 shares changed hands during mid-day 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 company has a debt-to-equity ratio of 0.17, a quick ratio of 0.14 and a current ratio of 0.14. The company 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 price of $18.46 and a 200-day moving average price of $17.93.

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

About Fairfax India

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.