Freedom's (FRHC) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Freedom Holding Corp. (NASDAQ: FRHC) has had its **"hold (c)" rating reaffirmed** by Weiss Ratings, indicating a cautious outlook on the stock's performance.
• The company's recent quarterly earnings report showed an **EPS of $0.50** and revenue of **$533.42 million**, with a net margin of **3.78%**.
• Freedom has experienced significant activity among large investors, with firms like **GAMMA Investing LLC increasing their stake by 13,133.3%** in the first quarter.

Freedom (NASDAQ:FRHC - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Freedom Stock Performance

Shares of FRHC stock opened at $169.29 on Wednesday. The company has a 50 day moving average price of $172.73 and a 200-day moving average price of $157.14. Freedom has a 52 week low of $97.00 and a 52 week high of $194.01. The firm has a market capitalization of $10.09 billion, a PE ratio of 128.25 and a beta of 1.07. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.03.

Freedom (NASDAQ:FRHC - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.50 EPS for the quarter. Freedom had a net margin of 3.78% and a return on equity of 6.49%. The firm had revenue of $533.42 million during the quarter.

Institutional Trading of Freedom

Large investors have recently added to or reduced their stakes in the business. Twin Tree Management LP bought a new stake in Freedom during the first quarter valued at approximately $29,000. IFP Advisors Inc bought a new stake in Freedom during the first quarter valued at approximately $37,000. GAMMA Investing LLC grew its position in Freedom by 13,133.3% during the first quarter. GAMMA Investing LLC now owns 397 shares of the company's stock valued at $52,000 after buying an additional 394 shares during the period. Signaturefd LLC grew its position in Freedom by 23.8% during the second quarter. Signaturefd LLC now owns 406 shares of the company's stock valued at $59,000 after buying an additional 78 shares during the period. Finally, KBC Group NV bought a new stake in Freedom during the first quarter valued at approximately $138,000. 1.26% of the stock is currently owned by institutional investors.

About Freedom

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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