Freedom (NASDAQ:FRHC) Shares Down 4.3% - Time to Sell?

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report)'s share price fell 4.3% on Wednesday . The company traded as low as $143.70 and last traded at $143.79. 54,225 shares changed hands during trading, a decline of 40% from the average session volume of 90,703 shares. The stock had previously closed at $150.25.

Freedom Stock Down 5.2%

The company's 50 day simple moving average is $151.16 and its 200-day simple moving average is $141.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.28 and a current ratio of 1.17. The firm has a market capitalization of $8.35 billion, a PE ratio of 102.08 and a beta of 1.16.

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

Hedge Funds Weigh In On Freedom

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

Freedom Company Profile

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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