freenet (OTCMKTS:FRTAF) Reaches New 1-Year Low – Here’s Why

Shares of freenet AG (OTCMKTS:FRTAF) hit a new 52-week low on Wednesday . The company traded as low as $26.87 and last traded at $26.87, with a volume of 0 shares traded. The stock had previously closed at $26.87.

freenet Price Performance

The business has a fifty day simple moving average of $26.87 and a 200-day simple moving average of $27.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.67 and a quick ratio of 0.62.

freenet (OTCMKTS:FRTAF) last posted its earnings results on Thursday, November 7th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $679.75 million for the quarter. freenet had a net margin of 9.07% and a return on equity of 18.78%.

freenet Company Profile

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.