Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) shares fell 5.5% during trading on Tuesday . The stock traded as low as $165.00 and last traded at $167.10. 142,253 shares changed hands during trading, an increase of 35% from the average session volume of 105,393 shares. The stock had previously closed at $176.84.
Freedom Stock Performance
The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $155.62 and a 200 day moving average price of $145.38. The firm has a market capitalization of $10.12 billion, a PE ratio of 124.27 and a beta of 1.10.
Freedom (NASDAQ:FRHC - Get Free Report) last announced its earnings results on Friday, June 13th. The company reported ($2.36) EPS for the quarter. The firm had revenue of $363.72 million for the quarter. Freedom had a net margin of 4.13% and a return on equity of 6.92%.
Institutional Investors Weigh In On Freedom
Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in shares of Freedom by 23.8% during the second quarter. Signaturefd LLC now owns 406 shares of the company's stock worth $59,000 after buying an additional 78 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Freedom during the 2nd quarter worth approximately $800,000. Acadian Asset Management LLC acquired a new stake in shares of Freedom in the 1st quarter valued at $261,000. Jane Street Group LLC lifted its position in shares of Freedom by 86.1% during the 1st quarter. Jane Street Group LLC now owns 7,583 shares of the company's stock worth $1,002,000 after purchasing an additional 3,509 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Freedom by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company's stock valued at $4,899,000 after buying an additional 3,771 shares during the last quarter. 1.26% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
Before you consider Freedom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freedom wasn't on the list.
While Freedom currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access