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

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

Freedom Trading Down 1.6 %

The business’s 50 day simple moving average is $73.62 and its two-hundred day simple moving average is $78.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23.

Freedom (NASDAQ:FRHC) last posted its 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 for the quarter. Freedom had a net margin of 23.96% and a return on equity of 37.71%.

Insiders Place Their Bets

In other news, CTO Renat Tukanov sold 3,000 shares of Freedom stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total transaction of $226,290.00. Following the transaction, the chief technology officer now owns 9,006 shares in the company, valued at $679,322.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 71.10% of the company’s stock.

Hedge Funds Weigh In On Freedom

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in shares of Freedom by 37,150.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 745 shares of the company’s stock worth $60,000 after purchasing an additional 743 shares during the period. Deutsche Bank AG acquired a new position in shares of Freedom during the fourth quarter worth $52,000. Quest Partners LLC acquired a new position in shares of Freedom during the fourth quarter worth $79,000. Ensign Peak Advisors Inc acquired a new position in shares of Freedom during the third quarter worth $55,000. Finally, Bank of America Corp DE lifted its holdings in shares of Freedom by 64.6% during the first quarter. Bank of America Corp DE now owns 2,031 shares of the company’s stock worth $146,000 after purchasing an additional 797 shares during the period. Institutional investors and hedge funds own 1.26% of the company’s stock.

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.