Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report)'s share price dropped 4.4% during trading on Monday . The company traded as low as $150.10 and last traded at $149.04. Approximately 93,324 shares were traded during trading, a decline of 2% from the average daily volume of 94,984 shares. The stock had previously closed at $155.93.
Freedom Stock Performance
The business has a 50 day moving average of $149.33 and a 200 day moving average of $140.20. The company has a market capitalization of $8.93 billion, a P/E ratio of 28.58 and a beta of 1.16. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.40.
Institutional Trading of Freedom
Several hedge funds and other institutional investors have recently bought and sold shares of FRHC. Millennium Management LLC boosted its stake in Freedom by 648.1% during the first quarter. Millennium Management LLC now owns 121,942 shares of the company's stock worth $16,117,000 after buying an additional 105,641 shares during the period. Marshall Wace LLP bought a new stake in shares of Freedom in the 4th quarter worth about $10,589,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Freedom by 1,127.2% during 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. Goldman Sachs Group Inc. grew its holdings in Freedom by 214.4% during the 1st 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 during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Freedom by 286.0% during the 4th 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. Hedge funds and other institutional investors own 1.26% of the company's stock.
About Freedom
(
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.
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