Freedom (NASDAQ:FRHC) Releases Earnings Results

Freedom (NASDAQ:FRHC) released its quarterly earnings data on Friday. The company reported $1.29 EPS for the quarter, Zacks reports. Freedom had a return on equity of 29.48% and a net margin of 17.79%.

Freedom Stock Performance

Shares of FRHC stock traded up $8.92 on Friday, hitting $158.53. The company had a trading volume of 149,171 shares, compared to its average volume of 88,555. Freedom has a twelve month low of $64.00 and a twelve month high of $161.35. The firm has a market cap of $9.61 billion, a P/E ratio of 28.16 and a beta of 1.01. The company has a 50-day moving average price of $132.17 and a 200-day moving average price of $109.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

Insider Activity

In other news, insider Azamat Yerdessov sold 7,521 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $116.52, for a total value of $876,346.92. Following the completion of the transaction, the insider now owns 90,817 shares of the company’s stock, valued at approximately $10,581,996.84. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert Wotczak sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $117.60, for a total transaction of $235,200.00. Following the completion of the sale, the chief executive officer now directly owns 70,000 shares in the company, valued at approximately $8,232,000. This trade represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,271 shares of company stock worth $1,922,417 in the last quarter. Corporate insiders own 70.40% 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.