Freedom (NASDAQ:FRHC) Posts Quarterly Earnings Results

Freedom (NASDAQ:FRHC - Get Free Report) posted its quarterly earnings results on Friday. The company reported $1.29 earnings per share (EPS) for the quarter, Zacks reports. Freedom had a return on equity of 29.48% and a net margin of 17.79%.

Freedom Trading Down 5.4 %

FRHC traded down $8.54 during trading hours on Tuesday, reaching $150.82. The company's stock had a trading volume of 125,525 shares, compared to its average volume of 93,702. Freedom has a fifty-two week low of $64.00 and a fifty-two week high of $164.82. The stock has a market cap of $9.14 billion, a PE ratio of 26.60 and a beta of 1.01. The business's 50-day moving average is $133.74 and its 200-day moving average is $111.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26.

Insider Activity at Freedom

In other news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $120.44, for a total transaction of $662,420.00. Following the sale, the insider now owns 133,900 shares of the company's stock, valued at approximately $16,126,916. This represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azamat Yerdessov sold 7,521 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $116.52, for a total value of $876,346.92. Following the sale, the insider now directly owns 90,817 shares in the company, valued at $10,581,996.84. This represents a 7.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,271 shares of company stock worth $1,922,417. Insiders own 70.40% 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.