Freedom (NASDAQ:FRHC) Reaches New 12-Month High – Here’s What Happened

Freedom Holding Corp. (NASDAQ:FRHC)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $113.91 and last traded at $113.00, with a volume of 33528 shares traded. The stock had previously closed at $110.54.

Freedom Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a 50 day simple moving average of $99.03 and a two-hundred day simple moving average of $85.54. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 19.29 and a beta of 1.02.

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. The firm had revenue of $450.72 million during the quarter. Freedom had a net margin of 19.32% and a return on equity of 32.00%.

Institutional Trading of Freedom

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd purchased a new position in Freedom during the first quarter worth about $426,000. Marshall Wace LLP purchased a new position in shares of Freedom during the 2nd quarter worth approximately $618,000. Quest Partners LLC increased its holdings in Freedom by 901.9% in the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after purchasing an additional 4,852 shares during the last quarter. Sparta 24 Ltd. purchased a new stake in Freedom in the second quarter valued at approximately $1,996,000. Finally, Algert Global LLC lifted its stake in 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. 1.26% of the stock is owned by institutional investors and hedge funds.

Freedom Company Profile

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.