Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report)'s share price fell 4.4% during trading on Tuesday . The stock traded as low as $161.82 and last traded at $161.53. 158,257 shares changed hands during trading, an increase of 80% from the average session volume of 87,849 shares. The stock had previously closed at $169.00.
Freedom Stock Down 0.5%
The firm has a 50-day moving average of $145.18 and a 200 day moving average of $138.12. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 30.81 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.
Hedge Funds Weigh In On Freedom
Several hedge funds and other institutional investors have recently bought and sold shares of FRHC. Twin Tree Management LP purchased a new position in shares of Freedom during the 1st quarter valued at approximately $29,000. Headlands Technologies LLC acquired a new stake in shares of Freedom during the 4th quarter valued at approximately $30,000. IFP Advisors Inc acquired a new stake in shares of Freedom during the 1st quarter valued at approximately $37,000. GAMMA Investing LLC raised its position in shares of Freedom by 13,133.3% during the 1st quarter. GAMMA Investing LLC now owns 397 shares of the company's stock valued at $52,000 after acquiring an additional 394 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Freedom during the 1st quarter valued at approximately $138,000. 1.26% of the stock is owned by institutional investors and hedge funds.
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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