Freedom (NASDAQ:FRHC) Sees Unusually-High Trading Volume - Should You Buy?

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) saw an uptick in trading volume on Thursday . 329,318 shares traded hands during trading, an increase of 225% from the previous session's volume of 101,322 shares.The stock last traded at $143.26 and had previously closed at $139.53.

Freedom Stock Performance

The business's fifty day moving average is $154.13 and its two-hundred day moving average is $142.11. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $8.53 billion, a PE ratio of 104.68 and a beta of 1.10.

Freedom (NASDAQ:FRHC - Get Free Report) last announced its quarterly earnings results on Friday, June 13th. The company reported ($2.36) earnings per share (EPS) for the quarter. Freedom had a net margin of 4.13% and a return on equity of 6.92%. The business had revenue of $363.72 million for the quarter.

Institutional Investors Weigh In On Freedom

Hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC raised its position in Freedom by 648.1% in the first quarter. Millennium Management LLC now owns 121,942 shares of the company's stock worth $16,117,000 after acquiring an additional 105,641 shares during the period. Marshall Wace LLP purchased a new stake in shares of Freedom in the 4th quarter worth $10,589,000. Goldman Sachs Group Inc. increased its stake in shares of Freedom by 214.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company's stock worth $9,915,000 after purchasing an additional 51,159 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Freedom by 1,127.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company's stock worth $8,412,000 after purchasing an additional 59,124 shares during the period. Finally, Geode Capital Management LLC increased its position in Freedom by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 54,034 shares of the company's stock worth $7,062,000 after buying an additional 696 shares in the last quarter. Hedge funds and other institutional investors own 1.26% of the company's stock.

About Freedom

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer's account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.

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