Fairfax India (OTCMKTS:FFXDF) Announces Earnings Results

Fairfax India (OTCMKTS:FFXDF) issued its earnings results on Thursday. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $0.36 by $1.34, Zacks reports. The company had revenue of ($111.49) million for the quarter, compared to analysts’ expectations of $3.72 million.

Fairfax India Price Performance

FFXDF stock traded up $0.06 during trading on Friday, reaching $18.25. 18,952 shares of the company were exchanged, compared to its average volume of 37,651. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The stock’s 50 day moving average price is $18.06 and its 200 day moving average price is $17.71. Fairfax India has a 52-week low of $15.46 and a 52-week high of $20.49. The company has a market cap of $2.46 billion, a P/E ratio of 12.25 and a beta of 0.85.

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.