Freedom (NASDAQ:FRHC) Reaches New 52-Week Low at $64.25

Shares of Freedom Holding Corp. (NASDAQ:FRHC) reached a new 52-week low on Monday . The company traded as low as $64.25 and last traded at $64.57, with a volume of 46567 shares traded. The stock had previously closed at $65.44.

Freedom Stock Performance

The stock’s 50 day moving average is $72.36 and its two-hundred day moving average is $78.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23.

Freedom (NASDAQ:FRHC) last released its earnings results on Friday, February 9th. The company reported $1.63 earnings per share for the quarter. The firm had revenue of $418.63 million for the quarter. Freedom had a net margin of 23.96% and a return on equity of 37.71%.

Insider Activity at Freedom

In related news, CTO Renat Tukanov sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $75.43, for a total value of $226,290.00. Following the completion of the transaction, the chief technology officer now directly owns 9,006 shares of the company’s stock, valued at $679,322.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 71.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Freedom

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in shares of Freedom by 6.3% in the third quarter. Hsbc Holdings PLC now owns 39,683 shares of the company’s stock valued at $3,413,000 after acquiring an additional 2,340 shares during the period. Teacher Retirement System of Texas increased its position in shares of Freedom by 9.7% in the third quarter. Teacher Retirement System of Texas now owns 4,516 shares of the company’s stock valued at $383,000 after buying an additional 398 shares in the last quarter. Swiss National Bank boosted its stake in shares of Freedom by 1.0% during the third quarter. Swiss National Bank now owns 39,300 shares of the company’s stock valued at $3,329,000 after acquiring an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Freedom by 28.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the company’s stock worth $303,000 after buying an additional 792 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Freedom in the 3rd quarter worth about $415,000. 1.26% of the stock is owned by institutional investors and hedge funds.

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.