Freedom (NASDAQ:FRHC) Sets New 52-Week Low at $65.46

Freedom Holding Corp. (NASDAQ:FRHC)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $65.46 and last traded at $65.46, with a volume of 2628 shares changing hands. The stock had previously closed at $66.51.

Freedom Stock Down 1.6 %

The company’s fifty day simple moving average is $73.62 and its 200 day simple moving average is $78.66. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.03.

Freedom (NASDAQ:FRHC) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.63 EPS for the quarter. Freedom had a net margin of 23.96% and a return on equity of 37.71%. The firm had revenue of $418.63 million during the quarter.

Insider Buying and Selling at Freedom

In other Freedom news, CTO Renat Tukanov sold 3,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $226,290.00. Following the completion of the transaction, the chief technology officer now directly owns 9,006 shares of the company’s stock, valued at approximately $679,322.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 71.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FRHC. Renaissance Technologies LLC boosted its holdings in Freedom by 497.8% in the 1st quarter. Renaissance Technologies LLC now owns 150,900 shares of the company’s stock valued at $10,844,000 after purchasing an additional 125,656 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Freedom by 197.8% during the 3rd quarter. Citadel Advisors LLC now owns 32,990 shares of the company’s stock worth $1,620,000 after acquiring an additional 21,911 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Freedom during the 2nd quarter worth $958,000. Goldman Sachs Group Inc. lifted its holdings in shares of Freedom by 101.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 35,933 shares of the company’s stock worth $2,904,000 after acquiring an additional 18,105 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Freedom by 30.9% during the 1st quarter. Vanguard Group Inc. now owns 67,728 shares of the company’s stock worth $4,037,000 after acquiring an additional 15,977 shares during the last quarter. 1.26% of the stock is owned by institutional investors.

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.