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

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

Freedom Financial Price Performance

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

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

Freedom Financial Company Profile

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.