Shares of Freedom Holding Corp. (NASDAQ:FRHC – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $65.42, but opened at $69.01. Freedom shares last traded at $68.50, with a volume of 16,683 shares changing hands.
Freedom Stock Performance
The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $73.01 and a two-hundred day moving average of $78.45.
Freedom (NASDAQ:FRHC – Get Free Report) last released its quarterly earnings data on Friday, February 9th. The company reported $1.63 earnings per share for the quarter. Freedom had a return on equity of 37.71% and a net margin of 23.96%. The company had revenue of $418.63 million for the quarter.
Insider Activity at Freedom
Institutional Investors Weigh In On Freedom
Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Freedom by 2.9% during the 2nd quarter. Renaissance Technologies LLC now owns 155,319 shares of the company’s stock worth $12,553,000 after purchasing an additional 4,419 shares during the last quarter. BlackRock Inc. raised its position in Freedom by 5.1% during the 1st quarter. BlackRock Inc. now owns 109,137 shares of the company’s stock worth $7,843,000 after purchasing an additional 5,313 shares during the last quarter. Vanguard Group Inc. raised its position in Freedom by 30.9% during the 1st quarter. Vanguard Group Inc. now owns 67,728 shares of the company’s stock worth $4,037,000 after purchasing an additional 15,977 shares during the last quarter. Geode Capital Management LLC raised its position in Freedom by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 55,310 shares of the company’s stock worth $4,470,000 after purchasing an additional 209 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Freedom by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 48,357 shares of the company’s stock worth $3,945,000 after purchasing an additional 8,674 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.
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.
See Also
- Five stocks we like better than Freedom
- The Significance of Brokerage Rankings in Stock Selection
- Comprehensive Analysis of PayPal Stock
- Investing in Commodities: What Are They? How to Invest in Them
- Intuitive Surgical Stock Can Trend Much Higher This YearÂ
- Comparing and Trading High PE Ratio Stocks
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Receive News & Ratings for Freedom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freedom and related companies with MarketBeat.com's FREE daily email newsletter.