Freedom Financial (OTCMKTS:FDVA) Trading Down 0.4% – Here’s Why

Freedom Financial Holdings, Inc. (OTCMKTS:FDVA)’s share price was down 0.4% during mid-day trading on Wednesday . The stock traded as low as $11.90 and last traded at $11.90. Approximately 5,041 shares changed hands during mid-day trading, an increase of 1,390% from the average daily volume of 338 shares. The stock had previously closed at $11.95.

Freedom Financial Trading Down 0.4%

The firm’s 50 day moving average price is $12.08 and its 200-day moving average price is $12.08. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.93 and a quick ratio of 0.91. The stock has a market cap of $84.61 million, a P/E ratio of -84.99 and a beta of 0.07.

Freedom Financial (OTCMKTS:FDVA) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $8.64 million during the quarter, compared to analysts’ expectations of $15.38 million. Freedom Financial had a negative return on equity of 1.17% and a negative net margin of 1.62%.

About Freedom Financial

Freedom Financial Holdings, Inc operates as the bank holding company for The Freedom Bank of Virginia that provides commercial banking, personal banking, and mortgage banking solutions. The company offers personal and business checking accounts, interest bearing business savings accounts, money market accounts, personal savings accounts, certificates of deposits, and IRAs, as well as insured cash sweep and certificate of deposit account registry services. It also provides business term, personal, and mortgage loans; commercial lines of credit; commercial real estate mortgage and small business lending services; home equity lines; and credit cards.