Freedom (NASDAQ:FRHC) Sees Strong Trading Volume

Shares of Freedom Holding Corp. (NASDAQ:FRHC) saw strong trading volume on Tuesday . 102,768 shares were traded during mid-day trading, a decline of 55% from the previous session’s volume of 229,334 shares.The stock last traded at $84.53 and had previously closed at $84.80.

Freedom Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50-day moving average price of $85.24 and a 200 day moving average price of $79.87.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FRHC. Signaturefd LLC raised its position in shares of Freedom by 167.1% in the 2nd quarter. Signaturefd LLC now owns 422 shares of the company’s stock worth $34,000 after acquiring an additional 264 shares in the last quarter. Deutsche Bank AG purchased a new stake in Freedom in the fourth quarter valued at about $52,000. Ensign Peak Advisors Inc purchased a new stake in Freedom in the third quarter valued at about $55,000. Tower Research Capital LLC TRC raised its stake in Freedom by 5,803.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,948 shares of the company’s stock valued at $96,000 after buying an additional 1,915 shares during the last quarter. Finally, UBS Group AG raised its stake in Freedom by 606.6% in the third quarter. UBS Group AG now owns 2,445 shares of the company’s stock valued at $120,000 after buying an additional 2,099 shares during the last quarter. 1.35% of the stock is owned by institutional investors.

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.