freenet (OTCMKTS:FRTAF) Reaches New 52-Week Low - Time to Sell?

freenet AG (OTCMKTS:FRTAF - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The company traded as low as $33.89 and last traded at $33.89, with a volume of 100 shares traded. The stock had previously closed at $39.73.

Analyst Ratings Changes

Several equities research analysts recently commented on FRTAF shares. UBS Group cut shares of freenet from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. HSBC cut shares of freenet to a "hold" rating in a report on Wednesday, May 7th. Citigroup downgraded freenet from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 29th. Oddo Bhf cut freenet to an "underperform" rating in a report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of freenet in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold".

freenet Stock Down 14.7%

The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 15.99 and a beta of -0.09. The stock has a 50-day moving average of $39.87 and a 200-day moving average of $32.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.75 and a quick ratio of 0.71.

About freenet

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.