Freedom (NASDAQ:FRHC) Sees Unusually-High Trading Volume

Freedom Holding Corp. (NASDAQ:FRHC) shares saw strong trading volume on Wednesday . 15,673 shares were traded during mid-day trading, a decline of 72% from the previous session’s volume of 55,382 shares.The stock last traded at $65.97 and had previously closed at $66.50.

Freedom Stock Up 3.3 %

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $73.34 and a 200-day moving average of $78.59.

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 business had revenue of $418.63 million during the quarter.

Insider Buying and Selling

In related news, CTO Renat Tukanov sold 3,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $75.43, for a total transaction of $226,290.00. Following the completion of the sale, the chief technology officer now directly owns 9,006 shares in the company, valued at $679,322.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 71.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Freedom

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in Freedom by 37,150.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 745 shares of the company’s stock valued at $60,000 after buying an additional 743 shares in the last quarter. Deutsche Bank AG bought a new position in Freedom during the fourth quarter valued at about $52,000. Quest Partners LLC bought a new position in Freedom during the fourth quarter valued at about $79,000. Ensign Peak Advisors Inc bought a new position in Freedom during the third quarter valued at about $55,000. Finally, Bank of America Corp DE raised its holdings in Freedom by 64.6% during the first quarter. Bank of America Corp DE now owns 2,031 shares of the company’s stock valued at $146,000 after buying an additional 797 shares in the last quarter. 1.26% of the stock is currently 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.