Freedom (NASDAQ:FRHC) Sees Unusually-High Trading Volume

Freedom Holding Corp. (NASDAQ:FRHC) shares saw unusually-strong trading volume on Monday . Approximately 36,288 shares changed hands during trading, a decline of 41% from the previous session’s volume of 61,190 shares.The stock last traded at $79.22 and had previously closed at $81.66.

Freedom Stock Performance

The stock’s 50-day simple moving average is $72.24 and its 200-day simple moving average is $75.81. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 12.68 and a beta of 1.06. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in shares of Freedom by 37,150.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 745 shares of the company’s stock worth $60,000 after acquiring an additional 743 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Freedom during the 4th quarter worth approximately $79,000. EntryPoint Capital LLC boosted its position in shares of Freedom by 110.7% during the 1st quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock worth $70,000 after acquiring an additional 518 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Freedom during the 4th quarter worth approximately $311,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Freedom during the 3rd quarter worth approximately $415,000. Institutional investors and hedge funds own 1.26% of the company’s stock.

Freedom Company Profile

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.