Fairfax India (OTCMKTS:FFXDF) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Fairfax India (OTCMKTS:FFXDF) released its earnings results on Tuesday. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.08), Zacks reports. The company had revenue of $39.91 million for the quarter, compared to analysts’ expectations of $3.72 million.

Fairfax India Price Performance

Shares of OTCMKTS:FFXDF traded down $0.13 during trading on Thursday, reaching $17.92. The stock had a trading volume of 1,435 shares, compared to its average volume of 32,601. The stock has a market capitalization of $2.42 billion, a PE ratio of 10.24 and a beta of 0.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.14 and a quick ratio of 0.14. Fairfax India has a 52 week low of $15.46 and a 52 week high of $20.49. The business’s 50-day moving average price is $17.89 and its 200 day moving average price is $17.86.

Fairfax India Company Profile

Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing long-term investments in India and India-related businesses. The company seeks opportunities across a range of sectors, including financial services, infrastructure, industrial operations, consumer products and other businesses that may benefit from India’s economic development.

Fairfax India has invested in both publicly traded and private companies, with its portfolio historically including interests in businesses such as Bangalore International Airport Limited and other Indian financial, industrial and infrastructure enterprises.