Fairfax India (OTCMKTS:FFXDF) Shares Gap Up – Should You Buy?

Fairfax India Holdings Corporation (OTCMKTS:FFXDF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $16.75, but opened at $17.76. Fairfax India shares last traded at $17.00, with a volume of 9,055 shares.

Fairfax India Stock Performance

The company has a market cap of $2.26 billion, a P/E ratio of 5.53 and a beta of 0.82. The business’s 50 day simple moving average is $17.27 and its 200 day simple moving average is $17.13. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15.

Fairfax India (OTCMKTS:FFXDF) last posted its quarterly earnings results 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.