Freedom (NASDAQ:FRHC) Trading 3.3% Higher

Freedom Holding Corp. (NASDAQ:FRHC)’s share price traded up 3.3% on Tuesday . The company traded as high as $102.40 and last traded at $101.70. 65,883 shares were traded during mid-day trading, a decline of 70% from the average session volume of 223,261 shares. The stock had previously closed at $98.43.

Freedom Stock Up 3.0 %

The business’s 50-day moving average is $82.20 and its two-hundred day moving average is $77.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.28 and a quick ratio of 1.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FRHC. Signaturefd LLC grew its position in shares of Freedom by 167.1% in the 2nd quarter. Signaturefd LLC now owns 422 shares of the company’s stock valued at $34,000 after acquiring an additional 264 shares during the period. Deutsche Bank AG bought a new position in shares of Freedom in the 4th quarter valued at about $52,000. Ensign Peak Advisors Inc bought a new position in shares of Freedom in the 3rd quarter valued at about $55,000. Tower Research Capital LLC TRC grew its position in shares of Freedom by 5,803.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,948 shares of the company’s stock valued at $96,000 after acquiring an additional 1,915 shares during the period. Finally, UBS Group AG grew its position in shares of Freedom by 606.6% in the 3rd quarter. UBS Group AG now owns 2,445 shares of the company’s stock valued at $120,000 after acquiring an additional 2,099 shares during the period. Institutional investors own 1.35% 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.