Freedom (NASDAQ:FRHC) Releases Quarterly Earnings Results

Freedom (NASDAQ:FRHC) issued its 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 Up 7.1 %

Shares of FRHC traded up $10.62 during midday trading on Friday, hitting $160.23. The stock had a trading volume of 109,852 shares, compared to its average volume of 86,866. Freedom has a fifty-two week low of $64.00 and a fifty-two week high of $160.96. The business has a 50-day simple moving average of $132.17 and a two-hundred day simple moving average of $109.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. The firm has a market cap of $9.71 billion, a P/E ratio of 28.17 and a beta of 1.01.

Insider Buying and Selling

In related news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the 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 completion of the sale, the insider now directly owns 133,900 shares in the company, valued at approximately $16,126,916. This trade represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Azamat Yerdessov sold 7,521 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $116.52, for a total value of $876,346.92. Following the completion of the transaction, the insider now owns 90,817 shares in the company, valued at $10,581,996.84. This trade represents a 7.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,271 shares of company stock valued at $1,922,417. Company insiders own 70.40% of the company’s stock.

About Freedom

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.