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

Key Points

• Fairfax India Holdings Corporation shares gapped up to open at $17.41 after closing at $16.84, indicating a positive market reaction.
• The company has reported earnings per share of $2.06 for the last quarter, reflecting its ongoing financial performance.
• With a market capitalization of $2.30 billion, Fairfax India operates as an investment holding company focused on Indian public and private equity securities and debt instruments.

Fairfax India Holdings Corporation (OTCMKTS:FFXDF - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $16.84, but opened at $17.41. Fairfax India shares last traded at $16.99, with a volume of 1,326 shares changing hands.

Fairfax India Price Performance

The stock has a fifty day simple moving average of $17.97 and a two-hundred day simple moving average of $17.77. The company has a market cap of $2.30 billion, a PE ratio of 36.23 and a beta of 0.83. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.17.

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

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