Fairfax India (OTCMKTS:FFXDF) Posts Earnings Results

Fairfax India (OTCMKTS:FFXDF) issued its quarterly earnings data on Tuesday. The company reported $0.28 EPS for the quarter, Zacks reports.

Fairfax India Stock Down 1.2%

Shares of FFXDF traded down $0.21 during midday trading on Tuesday, hitting $17.92. The stock had a trading volume of 24,608 shares, compared to its average volume of 35,904. The company has a 50 day simple moving average of $17.92 and a two-hundred day simple moving average of $17.86. Fairfax India has a twelve month low of $15.46 and a twelve month high of $20.49. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 12.17 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.

About Fairfax India

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.