Freedom (NASDAQ:FRHC) Hits New 12-Month High – Here’s Why

Freedom Holding Corp. (NASDAQ:FRHC) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $99.77 and last traded at $99.44, with a volume of 23633 shares. The stock had previously closed at $98.14.

Freedom Stock Performance

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 company has a market cap of $5.97 billion, a P/E ratio of 15.55 and a beta of 1.05. The company’s fifty day moving average is $91.35 and its 200 day moving average is $80.25.

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

Hedge Funds Weigh In On Freedom

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new position in shares of Freedom in the first quarter valued at $426,000. Quest Partners LLC increased its stake in Freedom by 901.9% in the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after buying an additional 4,852 shares during the period. Sparta 24 Ltd. bought a new stake in Freedom during the 2nd quarter valued at about $1,996,000. Algert Global LLC boosted its position in Freedom by 44.0% in the 2nd 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 period. Finally, EntryPoint Capital LLC grew its stake in Freedom by 110.7% in 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. 1.26% of the stock is currently owned by hedge funds and other institutional investors.

About Freedom

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.