Fairfax India (OTCMKTS:FFXDF) Shares Gap Up - Time to Buy?

Key Points

• Fairfax India's stock price jumped from $18.08 to $19.55 prior to the market opening, with a trading volume of 1,100 shares.
• The company has a low debt-to-equity ratio of 0.18 and a market capitalization of $2.48 billion, indicating solid financial health.
• Fairfax India reported an earnings per share (EPS) of $2.06 for the most recent quarter, showcasing its profitability.

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $18.08, but opened at $19.55. Fairfax India shares last traded at $19.55, with a volume of 1,100 shares trading hands.

Fairfax India Trading Down 2.1%

The firm has a market capitalization of $2.41 billion, a PE ratio of 37.89 and a beta of 0.88. The firm has a 50 day simple moving average of $18.92 and a 200 day simple moving average of $17.80. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.18.

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

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.