Freedom (NASDAQ:FRHC) Sets New 12-Month High – Time to Buy?

Freedom Holding Corp. (NASDAQ:FRHC) reached a new 52-week high during trading on Thursday . The stock traded as high as $116.95 and last traded at $116.57, with a volume of 16085 shares traded. The stock had previously closed at $114.61.

Freedom Trading Down 0.1 %

The stock has a 50-day simple moving average of $102.38 and a two-hundred day simple moving average of $87.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 1.26. The firm has a market cap of $7.06 billion, a PE ratio of 20.55 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new stake in Freedom during the 1st quarter valued at $426,000. Marshall Wace LLP purchased a new stake in Freedom during the second quarter valued at $618,000. Quest Partners LLC increased its position in Freedom by 901.9% during the second quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after acquiring an additional 4,852 shares during the last quarter. Sparta 24 Ltd. bought a new position in Freedom in the second quarter valued at about $1,996,000. Finally, Handelsbanken Fonder AB boosted its position in Freedom by 15.6% in the third quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after purchasing an additional 500 shares during the last quarter. Institutional investors 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.