Freedom (NASDAQ:FRHC) Sets New 52-Week Low at $65.46

Freedom Holding Corp. (NASDAQ:FRHC) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $65.46 and last traded at $65.46, with a volume of 2628 shares trading hands. The stock had previously closed at $66.51.

Freedom Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. The company has a 50-day moving average of $74.22 and a 200-day moving average of $78.88.

Freedom (NASDAQ:FRHC) last released its quarterly earnings results on Friday, February 9th. The company reported $1.63 earnings per share for the quarter. The firm had revenue of $418.63 million during the quarter. Freedom had a return on equity of 37.71% and a net margin of 23.96%.

Insider Activity

In related news, CTO Renat Tukanov sold 3,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $75.43, for a total value of $226,290.00. Following the sale, the chief technology officer now owns 9,006 shares in the company, valued at approximately $679,322.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 71.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Freedom

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in Freedom by 37,150.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 745 shares of the company’s stock valued at $60,000 after acquiring an additional 743 shares during the period. Deutsche Bank AG bought a new position in Freedom during the 4th quarter worth $52,000. Quest Partners LLC bought a new position in Freedom during the 4th quarter worth $79,000. Ensign Peak Advisors Inc bought a new position in Freedom during the 3rd quarter worth $55,000. Finally, Bank of America Corp DE increased its position in Freedom by 64.6% during the 1st quarter. Bank of America Corp DE now owns 2,031 shares of the company’s stock worth $146,000 after buying an additional 797 shares during the period. Institutional investors own 1.26% of the company’s stock.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting 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; 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.