Fairfax India (OTCMKTS:FFXDF) Issues Earnings Results

Key Points

• Fairfax India reported earnings of $2.06 per share for the latest quarter, reflecting its performance in the investment sector.
• Following the earnings report, Fairfax India stock increased by 0.6%, trading at $18.77 with a market cap of $2.54 billion.
• The company has a relatively low debt-to-equity ratio of 0.18, indicating a strong balance sheet compared to industry standards.

Fairfax India (OTCMKTS:FFXDF - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $2.06 EPS for the quarter, Zacks reports.

Fairfax India Trading Down 0.6%

Fairfax India stock traded down $0.11 during mid-day trading on Tuesday, hitting $18.79. 29,420 shares of the company's stock were exchanged, compared to its average volume of 40,281. The firm has a market capitalization of $2.54 billion, a P/E ratio of 39.99 and a beta of 0.84. Fairfax India has a fifty-two week low of $13.80 and a fifty-two week high of $20.38. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.18. The company's 50 day simple moving average is $18.65 and its 200-day simple moving average is $17.76.

Fairfax India Company Profile

Fairfax India Holdings Corporation operates as an investment holding company in India. It invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted and dependent in India. The company was incorporated in 2014 and is headquartered in Toronto, Canada.