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

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

Freedom Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.20 and a current ratio of 1.20. The firm’s 50-day moving average is $91.95 and its 200 day moving average is $80.49. The firm has a market capitalization of $5.72 billion, a PE ratio of 17.01 and a beta of 1.05.

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

Institutional Investors Weigh In On Freedom

A number of large investors have recently bought and sold shares of FRHC. Sparta 24 Ltd. purchased a new stake in shares of Freedom in the second quarter valued at $1,996,000. Marshall Wace LLP acquired a new position in Freedom in the 2nd quarter valued at about $618,000. Quadrature Capital Ltd purchased a new position in Freedom in the 1st quarter valued at about $426,000. Quest Partners LLC boosted 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 during the last quarter. Finally, Algert Global LLC boosted its stake in shares of Freedom by 44.0% during the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after purchasing an additional 1,805 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

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.