Freedom (NASDAQ:FRHC) Posts Quarterly Earnings Results

Freedom (NASDAQ:FRHC) released its quarterly earnings results on Friday. The company reported $0.63 earnings per share for the quarter, Zacks reports. Freedom had a net margin of 3.78% and a return on equity of 6.49%. The company had revenue of $526.11 million for the quarter.

Freedom Stock Up 3.6%

Freedom stock opened at $141.88 on Friday. The firm has a 50 day moving average price of $163.51 and a 200-day moving average price of $161.60. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.03. Freedom has a twelve month low of $110.35 and a twelve month high of $194.01. The company has a market capitalization of $8.46 billion, a P/E ratio of 107.48 and a beta of 1.10.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Freedom

Several institutional investors and hedge funds have recently bought and sold shares of FRHC. Acadian Asset Management LLC purchased a new stake in Freedom in the first quarter worth $261,000. Sei Investments Co. bought a new position in shares of Freedom during the 2nd quarter worth $293,000. Amundi purchased a new stake in Freedom in the 1st quarter worth about $483,000. Headlands Technologies LLC bought a new stake in Freedom in the 2nd quarter valued at about $508,000. Finally, Tidal Investments LLC lifted its holdings in Freedom by 248.4% during the second quarter. Tidal Investments LLC now owns 6,178 shares of the company’s stock valued at $902,000 after purchasing an additional 4,405 shares during the last quarter. 1.26% of the stock is owned by institutional investors.

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.