Freedom (NASDAQ:FRHC) Hits New 52-Week High – What’s Next?

Freedom Holding Corp. (NASDAQ:FRHC) hit a new 52-week high on Friday . The company traded as high as $113.91 and last traded at $113.00, with a volume of 33528 shares. The stock had previously closed at $110.54.

Freedom Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $6.59 billion, a P/E ratio of 19.70 and a beta of 1.02. The business has a 50 day simple moving average of $99.89 and a two-hundred day simple moving average of $86.04.

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

Hedge Funds Weigh In On Freedom

Several institutional investors have recently modified their holdings of the company. EntryPoint Capital LLC boosted its holdings in Freedom by 110.7% during the 1st quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock valued at $70,000 after acquiring an additional 518 shares during the period. Victory Capital Management Inc. purchased a new stake in Freedom during the 3rd quarter valued at about $213,000. Handelsbanken Fonder AB boosted its holdings in Freedom by 15.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after acquiring an additional 500 shares during the period. Quest Partners LLC boosted its holdings in Freedom by 901.9% during the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after acquiring an additional 4,852 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Freedom during the 1st quarter valued at about $426,000. 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.