Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $156.61, but opened at $161.50. Freedom shares last traded at $165.95, with a volume of 39,531 shares traded.
Freedom Trading Up 7.2%
The stock has a market capitalization of $9.84 billion, a P/E ratio of 31.66 and a beta of 1.14. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $143.55 and a 200 day moving average price of $137.07.
Hedge Funds Weigh In On Freedom
A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Freedom by 286.0% in the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company's stock valued at $4,471,000 after purchasing an additional 25,350 shares during the last quarter. Barclays PLC increased its holdings in shares of Freedom by 219.1% in the fourth quarter. Barclays PLC now owns 13,224 shares of the company's stock valued at $1,728,000 after purchasing an additional 9,080 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Freedom in the fourth quarter valued at approximately $10,589,000. BNP Paribas Financial Markets acquired a new stake in shares of Freedom in the fourth quarter valued at approximately $1,534,000. Finally, AlphaQuest LLC grew its position in Freedom by 119.0% in the fourth quarter. AlphaQuest LLC now owns 4,154 shares of the company's stock worth $543,000 after acquiring an additional 2,257 shares during the period. Institutional investors and hedge funds own 1.26% of the company's stock.
Freedom Company Profile
(
Get Free Report)
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.
Further Reading
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