Freedom (FRHC) Downgraded to “Hold” at ValuEngine

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ValuEngine downgraded shares of Freedom (OTCMKTS:FRHC) from a buy rating to a hold rating in a research note issued to investors on Friday.

OTCMKTS FRHC traded up $0.22 on Friday, reaching $8.45. 12,665 shares of the stock traded hands, compared to its average volume of 9,652. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a market cap of $490.38 million, a P/E ratio of 15.94 and a beta of -1.62. Freedom has a 12 month low of $2.50 and a 12 month high of $8.80.

Freedom (OTCMKTS:FRHC) last issued its quarterly earnings results on Tuesday, August 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $7.40 million during the quarter.

About Freedom

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, investment research and counseling, securities trading, market making, corporate investment banking, and underwriting services. The company offers investment 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; capital raising solutions for corporate clients through initial public offerings, follow-on offerings, and private investments in public entities; and debt capital markets solutions for emerging growth and small market companies, and financial sponsors.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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