Fairfax India (OTCMKTS:FFXDF) Shares Gap Down – Should You Sell?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s share price gapped down prior to trading 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.

Fairfax India Stock Performance

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

Fairfax India (OTCMKTS:FFXDF) last released its earnings results on Thursday, July 30th. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $1.34. The firm 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 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.