Fairfax India (OTCMKTS:FFXDF) Shares Gap Down - What's Next?

Key Points

• Fairfax India Holdings Corporation shares gapped down from a previous close of $17.31 to open at $16.67 before trading last at $17.38.
• The company reported earnings of $2.06 per share for the quarter ending July 31, indicating its recent earnings performance.
• Fairfax India operates as an investment holding company in India, focusing on public and private equity securities and debt instruments.

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $17.31, but opened at $16.67. Fairfax India shares last traded at $17.38, with a volume of 4,243 shares.

Fairfax India Stock Performance

The firm has a fifty day moving average of $18.08 and a 200-day moving average of $17.76. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 36.38 and a beta of 0.83. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.17.

Fairfax India (OTCMKTS:FFXDF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.06 earnings per share for the quarter.

About Fairfax India

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.

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