Freedom (NASDAQ:FRHC) Sets New 12-Month High – Should You Buy?

Freedom Holding Corp. (NASDAQ:FRHC)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $109.98 and last traded at $109.89, with a volume of 46077 shares traded. The stock had previously closed at $106.10.

Freedom Stock Up 2.6 %

The company has a market cap of $6.60 billion, a price-to-earnings ratio of 16.81 and a beta of 1.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s fifty day moving average is $95.64 and its two-hundred day moving average is $82.81.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in Freedom in the 1st quarter valued at about $426,000. Marshall Wace LLP bought a new position in shares of Freedom in the second quarter valued at approximately $618,000. Quest Partners LLC increased its position in shares of Freedom by 901.9% during the second quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after acquiring an additional 4,852 shares during the last quarter. Sparta 24 Ltd. bought a new stake in Freedom during the second quarter worth $1,996,000. Finally, Handelsbanken Fonder AB boosted its position in Freedom by 15.6% in the third quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after purchasing an additional 500 shares during the last quarter. 1.26% of the stock is 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.