Freedom (NASDAQ:FRHC) Sets New 52-Week High – Time to Buy?

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

Freedom Price Performance

The company has a fifty day moving average price of $101.41 and a two-hundred day moving average price of $87.17. The firm has a market capitalization of $7.07 billion, a PE ratio of 20.21 and a beta of 1.02. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FRHC. Sparta 24 Ltd. acquired a new stake in shares of Freedom during the second quarter worth $1,996,000. Marshall Wace LLP acquired a new stake in shares of Freedom in the 2nd quarter worth $618,000. Quadrature Capital Ltd purchased a new stake in shares of Freedom in the first quarter valued at about $426,000. Quest Partners LLC increased its stake in shares of Freedom by 901.9% during the second quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after acquiring an additional 4,852 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in Freedom during the third quarter worth about $213,000. 1.26% of the stock is currently owned by hedge funds and other 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.