Freedom (NASDAQ:FRHC) Reaches New 52-Week High – Should You Buy?

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

Freedom Stock Up 0.4 %

The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 17.01 and a beta of 1.05. 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 firm’s 50 day simple moving average is $91.95 and its 200-day simple moving average is $80.49.

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

Institutional Trading of Freedom

Hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC raised its position in Freedom by 110.7% in the first 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. Handelsbanken Fonder AB lifted its stake in shares of Freedom by 15.6% in the third quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after purchasing an additional 500 shares during the period. Quest Partners LLC boosted its holdings in Freedom by 901.9% during the second quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after buying an additional 4,852 shares in the last quarter. Algert Global LLC grew its position in Freedom by 44.0% during the second quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after buying an additional 1,805 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Freedom during the first quarter worth about $426,000. 1.26% of the stock is owned by institutional investors and hedge funds.

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.