freenet (OTCMKTS:FRTAF) Reaches New 12-Month High – Here’s Why

freenet AG (OTCMKTS:FRTAF)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $26.87 and last traded at $26.87, with a volume of 0 shares. The stock had previously closed at $26.87.

freenet Price Performance

The stock’s 50-day moving average price is $26.87 and its 200 day moving average price is $27.04. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 14.52 and a beta of 0.40.

freenet (OTCMKTS:FRTAF) last issued its earnings results on Wednesday, August 7th. The company reported $0.69 earnings per share for the quarter. The business had revenue of $651.55 million for the quarter. freenet had a return on equity of 18.16% and a net margin of 8.56%.

freenet Company Profile

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.