Fairfax India Holdings Corporation (OTCMKTS:FFXDF – Get Free Report)’s share price crossed below its 50-day moving average during trading on Tuesday following a weaker than expected earnings announcement. The stock has a 50-day moving average of $17.92 and traded as low as $17.81. Fairfax India shares last traded at $17.9199, with a volume of 24,608 shares changing hands.
The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08).
Fairfax India Price Performance
The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a fifty day simple moving average of $17.92 and a 200 day simple moving average of $17.86. The company has a market capitalization of $2.42 billion, a PE ratio of 12.03 and a beta of 0.86.
Fairfax India Company Profile
Fairfax India Holdings Corporation is an investment holding company focused on acquiring and managing long-term investments in India and India-related businesses. The company seeks opportunities across a range of sectors, including financial services, infrastructure, industrial operations, consumer products and other businesses that may benefit from India’s economic development.
Fairfax India has invested in both publicly traded and private companies, with its portfolio historically including interests in businesses such as Bangalore International Airport Limited and other Indian financial, industrial and infrastructure enterprises.
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