Freedom (NASDAQ:FRHC) Issues Earnings Results

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

Freedom Stock Performance

FRHC stock traded up $10.62 on Friday, reaching $160.23. 109,852 shares of the company were exchanged, compared to its average volume of 86,866. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. Freedom has a 12 month low of $64.00 and a 12 month high of $160.96. The stock’s fifty day moving average price is $132.17 and its 200 day moving average price is $109.88. The firm has a market capitalization of $9.71 billion, a PE ratio of 28.17 and a beta of 1.01.

Insiders Place Their Bets

In other news, CEO Robert Wotczak sold 650 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $117.80, for a total value of $76,570.00. Following the completion of the transaction, the chief executive officer now directly owns 72,000 shares of the company’s stock, valued at approximately $8,481,600. This represents a 0.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Azamat Yerdessov sold 7,521 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 90,817 shares in the company, valued at approximately $10,581,996.84. This represents a 7.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,271 shares of company stock worth $1,922,417 in the last ninety days. 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.