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

Key Points

• Shares gapped up pre-market — the stock closed at $16.75, opened at $17.76 and last traded at $17.00 on a volume of 9,055 shares.
• The company has a market cap of $2.26 billion and a P/E of 5.53 with 50- and 200-day moving averages near $17, but its current and quick ratios are only 0.04, signaling very low short-term liquidity.
• Fairfax India is a Bermuda‑incorporated, Toronto‑based investment holding company focused on Indian equity and debt opportunities, and it reported earnings per share of $2.53 for the most recent quarter.

Fairfax India Holdings Corporation (OTCMKTS:FFXDF - Get Free Report)'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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.