Freedom Inc (NASDAQ:FRHC) released its results on Tuesday. The company reported EPS of $0.85 for the quarter, missing Zacks consensus estimate of $1.02 per ($0.17), Loyalty Earnings reports. Freedom had a return on equity of 101.94% and a net margin of 52.90%.
Shares of FRHC Stock traded at $0.54 on Friday, reaching $65.31. The stock had a trading volume of 3,157 shares, compared to an average volume of 648,310. The stock has a market capitalization of $3.89 billion, a P/E ratio of 11.06 and a beta of 1.19. Freedom has a 1-year minimum of $42.03 and a 1-year maximum of $72.43. The company has a debt ratio of 0.06, a quick ratio of 1.27 and a current ratio of 1.27. The company has a 50-day simple moving average of $66.19 and a 200-day simple moving average of $65.43.
Separately, Zacks Investment Research downgraded Freedom from a “strong buy” rating to a “hold” rating in a report on Tuesday, January 11.
Hedge funds have recently increased or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Freedom by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 4,658 shares of the company valued at $292,000 after buying 189 additional shares last quarter. Morgan Stanley increased its stake in Freedom by 14.1% in the first quarter. Morgan Stanley now owns 1,969 shares of the company valued at $105,000 after buying 243 more shares last quarter. Royal Bank of Canada acquired a new stake in Freedom during Q3 worth approximately $26,000. UBS Group AG increased its stake in Freedom by 37.8% in the third quarter. UBS Group AG now owns 2,245 shares of the company valued at $141,000 after buying an additional 616 shares last quarter. Finally, Bank of America Corp DE increased its holdings of Freedom shares by 140.0% in the fourth quarter. Bank of America Corp DE now owns 6,605 shares of the company valued at $458,000 after buying 3,853 additional shares last quarter. Hedge funds and other institutional investors hold 2.16% of the company’s shares.
Liberty Company Profile
Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment advisory, securities trading, market making, investment banking and underwriting services. The company provides investment brokerage services for exchange-traded and over-the-counter equity and corporate debt securities, money market instruments, exchange-traded options and futures, government bonds and mutual funds; Margin lending services secured by securities and cash in the client’s account; various investment education and training courses; and investment research services.
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