Fairfax India (OTCMKTS:FFXDF) Stock Price Down 2.7% – Time to Sell?

Shares of Fairfax India Holdings Corporation (OTCMKTS:FFXDF) fell 2.7% during mid-day trading on Tuesday. The stock traded as low as $17.54 and last traded at $17.57. 18,199 shares traded hands during trading, an increase of 38% from the average session volume of 13,147 shares. The stock had previously closed at $18.06.

Fairfax India Stock Performance

The stock has a 50-day simple moving average of $18.43 and a 200 day simple moving average of $17.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $2.32 billion, a PE ratio of 11.54 and a beta of 0.84.

Fairfax India (OTCMKTS:FFXDF) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $1.34. The firm had revenue of ($111.49) million during the quarter, compared to analysts’ expectations of $3.72 million.

Fairfax India Company Profile

Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing businesses and other assets in India and, more broadly, investments related to the Indian economy. The company seeks to make long-term investments in public and private companies, with an emphasis on opportunities where it can contribute capital, strategic guidance and governance expertise.

Its investment activities have included businesses in sectors such as financial services, infrastructure, industrial products, chemicals, logistics and transportation.