Freedom Financial (OTCMKTS:FDVA) Stock Price Down 0.2% – Here’s What Happened

Freedom Financial Holdings, Inc. (OTCMKTS:FDVA) fell 0.2% during mid-day trading on Monday . The company traded as low as $11.80 and last traded at $11.98. Approximately 300 shares changed hands during trading, a decline of 27% from the average session volume of 409 shares. The stock had previously closed at $12.00.

Freedom Financial Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.90 and a quick ratio of 0.88. The company has a market capitalization of $85.18 million, a PE ratio of -85.57 and a beta of 0.07. The firm’s fifty day simple moving average is $12.12 and its 200 day simple moving average is $12.10.

Freedom Financial (OTCMKTS:FDVA) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $8.64 million for the quarter, compared to analyst estimates of $15.38 million. Freedom Financial had a negative return on equity of 1.17% and a negative net margin of 1.62%.

About Freedom Financial

Freedom Financial Holdings, Inc operates as the bank holding company for The Freedom Bank of Virginia that provides commercial banking, personal banking, and mortgage banking solutions. The company offers personal and business checking accounts, interest bearing business savings accounts, money market accounts, personal savings accounts, certificates of deposits, and IRAs, as well as insured cash sweep and certificate of deposit account registry services. It also provides business term, personal, and mortgage loans; commercial lines of credit; commercial real estate mortgage and small business lending services; home equity lines; and credit cards.