freenet (OTCMKTS:FRTAF) Hits New 1-Year Low – Here’s Why

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

freenet Stock Performance

The stock’s 50 day moving average price is $26.87 and its 200-day moving average price is $27.01. 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 stock has a market capitalization of $3.44 billion, a PE ratio of 12.67 and a beta of 0.40.

freenet (OTCMKTS:FRTAF) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $679.75 million during the quarter. freenet had a net margin of 9.07% and a return on equity of 18.78%.

About freenet

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.