freenet (OTCMKTS:FRTAF) Reaches New 12-Month High – Still a Buy?

freenet AG (OTCMKTS:FRTAF)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $26.87 and last traded at $26.87, with a volume of 0 shares trading hands. The stock had previously closed at $26.87.

freenet Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average price is $26.87 and its two-hundred day moving average price is $27.04.

freenet (OTCMKTS:FRTAF) last released its earnings results on Wednesday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter. freenet had a return on equity of 18.16% and a net margin of 8.56%. The business had revenue of $651.55 million for the quarter.

About freenet

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.