Freedom (NASDAQ:FRHC) Reaches New 52-Week High at $97.87

Freedom Holding Corp. (NASDAQ:FRHC)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $97.87 and last traded at $96.80, with a volume of 6936 shares traded. The stock had previously closed at $97.36.

Freedom Trading Up 1.3 %

The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 15.16 and a beta of 1.04. The business’s 50 day moving average is $86.78 and its 200 day moving average is $77.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.20 and a quick ratio of 1.20.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data on Friday, August 9th. The company reported $0.57 earnings per share (EPS) for the quarter. Freedom had a return on equity of 32.00% and a net margin of 19.32%. The business had revenue of $450.72 million during the quarter.

Hedge Funds Weigh In On Freedom

Several hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC purchased a new position in shares of Freedom in the 4th quarter valued at $79,000. EntryPoint Capital LLC grew its holdings in shares of Freedom by 110.7% during the first quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock worth $70,000 after purchasing an additional 518 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Freedom during the fourth quarter worth about $311,000. Algert Global LLC increased its position in shares of Freedom by 44.0% during the second quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after purchasing an additional 1,805 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Freedom in the 1st quarter valued at about $426,000. 1.26% of the stock is currently owned by hedge funds and other institutional investors.

About Freedom

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.