Freedom (NASDAQ:FRHC) Sees Large Volume Increase – What’s Next?

Freedom Holding Corp. (NASDAQ:FRHC) saw an uptick in trading volume on Friday . 372,709 shares were traded during trading, an increase of 210% from the previous session’s volume of 120,068 shares.The stock last traded at $139.90 and had previously closed at $136.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freedom in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Freedom Stock Performance

The firm has a market cap of $8.47 billion, a PE ratio of 107.07 and a beta of 1.10. The firm has a fifty day moving average price of $164.10 and a 200 day moving average price of $161.49. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.03.

Freedom (NASDAQ:FRHC) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.50 earnings per share (EPS) for the quarter. Freedom had a net margin of 3.78% and a return on equity of 6.49%. The company had revenue of $533.42 million for the quarter.

Institutional Investors Weigh In On Freedom

A number of hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Freedom by 23.8% during the 2nd quarter. Signaturefd LLC now owns 406 shares of the company’s stock worth $59,000 after purchasing an additional 78 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Freedom by 5.6% during the third quarter. Amalgamated Bank now owns 1,523 shares of the company’s stock worth $262,000 after buying an additional 81 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Freedom by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 2,761 shares of the company’s stock valued at $403,000 after buying an additional 103 shares during the last quarter. Arizona State Retirement System raised its position in shares of Freedom by 2.3% in the third quarter. Arizona State Retirement System now owns 5,419 shares of the company’s stock valued at $933,000 after buying an additional 121 shares during the last quarter. Finally, Twin Tree Management LP acquired a new stake in Freedom during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 1.26% of the company’s stock.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking 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; securities trading; underwriting services; 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.