Freedom (NASDAQ:FRHC) Announces Quarterly Earnings Results

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

Freedom Stock Performance

NASDAQ FRHC opened at $157.56 on Friday. Freedom has a fifty-two week low of $64.00 and a fifty-two week high of $161.35. The firm has a market capitalization of $9.55 billion, a P/E ratio of 27.79 and a beta of 1.01. The stock’s fifty day moving average is $132.17 and its two-hundred day moving average is $109.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26.

Insider Transactions at Freedom

In related news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $120.44, for a total value of $662,420.00. Following the transaction, the insider now directly owns 133,900 shares in the company, 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 SEC, which is accessible through this link. Also, insider Azamat Yerdessov sold 7,521 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 90,817 shares of the company’s stock, valued at $10,581,996.84. The trade was a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,271 shares of company stock worth $1,922,417 in the last quarter. 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.