Freedom (NASDAQ:FRHC) Shares Down 4.4% - Time to Sell?

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) shares were down 4.4% during trading on Tuesday . The company traded as low as $161.82 and last traded at $161.53. Approximately 158,257 shares traded hands during trading, an increase of 80% from the average daily volume of 87,849 shares. The stock had previously closed at $169.00.

Freedom Stock Down 0.6%

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 stock has a 50-day simple moving average of $144.72 and a 200-day simple moving average of $137.62. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 30.79 and a beta of 1.14.

Institutional Investors Weigh In On Freedom

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Freedom by 286.0% during 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 lifted its stake in Freedom by 219.1% in the 4th quarter. Barclays PLC now owns 13,224 shares of the company's stock worth $1,728,000 after acquiring an additional 9,080 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Freedom in the 4th quarter worth about $1,534,000. Marshall Wace LLP purchased a new stake in Freedom in the 4th quarter worth about $10,589,000. Finally, AlphaQuest LLC lifted its stake in Freedom by 119.0% in the 4th quarter. AlphaQuest LLC now owns 4,154 shares of the company's stock worth $543,000 after acquiring an additional 2,257 shares in the last quarter. 1.26% of the stock is owned by hedge funds and other 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.