Freedom (NASDAQ:FRHC) Shares Gap Up to $65.42

Freedom Holding Corp. (NASDAQ:FRHC)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $65.42, but opened at $69.01. Freedom shares last traded at $68.50, with a volume of 16,683 shares trading hands.

Freedom Trading Down 3.2 %

The stock has a 50 day moving average price of $73.01 and a 200-day moving average price of $78.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23.

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

Insider Activity

In related news, CTO Renat Tukanov sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $75.43, for a total value of $226,290.00. Following the sale, the chief technology officer now directly owns 9,006 shares of the company’s stock, valued at $679,322.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 71.60% of the company’s stock.

Institutional Trading of Freedom

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in shares of Freedom by 37,150.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 745 shares of the company’s stock worth $60,000 after purchasing an additional 743 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Freedom in the fourth quarter worth about $52,000. Quest Partners LLC bought a new stake in shares of Freedom in the fourth quarter worth about $79,000. Ensign Peak Advisors Inc bought a new stake in shares of Freedom in the third quarter worth about $55,000. Finally, Bank of America Corp DE lifted its holdings in Freedom by 64.6% in the first quarter. Bank of America Corp DE now owns 2,031 shares of the company’s stock worth $146,000 after buying an additional 797 shares during the period. 1.26% of the stock is owned by institutional investors.

Freedom Company Profile

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.