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

Freedom Holding Corp. (NASDAQ:FRHC) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $101.32 and last traded at $101.20, with a volume of 66235 shares. The stock had previously closed at $99.56.

Freedom Stock Down 0.1 %

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 company has a market capitalization of $6.38 billion, a P/E ratio of 16.68 and a beta of 1.05. The stock has a 50-day moving average price of $93.74 and a 200-day moving average price of $81.54.

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

Institutional Investors Weigh In On Freedom

A number of hedge funds have recently added to or reduced their stakes in the company. Sparta 24 Ltd. acquired a new stake in Freedom in the second quarter valued at approximately $1,996,000. Marshall Wace LLP acquired a new stake in Freedom in the second quarter valued at approximately $618,000. Quadrature Capital Ltd purchased a new position in shares of Freedom during the first quarter valued at approximately $426,000. Algert Global LLC boosted 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 valued at $445,000 after buying an additional 1,805 shares during the last quarter. Finally, Quest Partners LLC boosted 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 buying an additional 4,852 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

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.