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

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

Freedom Stock Up 1.0 %

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $93.04 and its 200-day moving average price is $81.24. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 15.78 and a beta of 1.05.

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

Institutional Investors Weigh In On Freedom

A number of hedge funds have recently added to or reduced their stakes in the business. Sparta 24 Ltd. acquired a new position in shares of Freedom during the 2nd quarter valued at $1,996,000. Marshall Wace LLP bought a new stake in Freedom in the second quarter valued at $618,000. Quadrature Capital Ltd acquired a new position in shares of Freedom during the first quarter valued at about $426,000. Quest Partners LLC boosted its position in shares of Freedom by 901.9% during the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after purchasing an additional 4,852 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of Freedom by 44.0% during the 2nd 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 currently owned by institutional investors.

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.