Freedom (NASDAQ:FRHC) Sets New 52-Week High – Time to Buy?

Freedom Holding Corp. (NASDAQ:FRHC) shares hit a new 52-week high on Thursday . The stock traded as high as $116.95 and last traded at $116.57, with a volume of 16085 shares. The stock had previously closed at $114.61.

Freedom Stock Performance

The stock’s fifty day simple moving average is $101.41 and its 200-day simple moving average is $87.17. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.07 billion, a PE ratio of 20.21 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. EntryPoint Capital LLC grew its stake in Freedom by 110.7% in 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 last quarter. Victory Capital Management Inc. purchased a new stake in shares of Freedom in the third quarter valued at about $213,000. Handelsbanken Fonder AB grew its position 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 last quarter. Quest Partners LLC increased its stake in shares of Freedom by 901.9% during the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after purchasing an additional 4,852 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Freedom during the 1st quarter worth approximately $426,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.

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.