Freedom Holding Corp. (NASDAQ: FRHC – Get a rating) hit a new 52-week low on Tuesday. The company traded as low as $39.00 and last traded at $39.38, with volume at 72,065 shares. The stock previously closed at $39.55.

Separately, TheStreet reduced Freedom’s shares from a “b” rating to a “c+” rating in a Tuesday, May 24 research report.

The company’s 50-day simple moving average is $46.74 and its 200-day simple moving average is $57.89. The company has a debt ratio of 1.53, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market capitalization of $2.34 billion, a P/E ratio of 6.47 and a beta of 1.44.

A number of large investors have recently changed their holdings in FRHC. Morgan Stanley increased its position in Freedom by 10,469.2% during the 2nd quarter. Morgan Stanley now owns 208,108 shares of the company worth $13,558,000 after buying 206,139 more shares last quarter. JPMorgan Chase & Co. increased its equity stake in Freedom by 836.3% in the fourth quarter. JPMorgan Chase & Co. now owns 36,882 shares of the company valued at $2,557,000 after purchasing an additional 32,943 shares during the period. BlackRock Inc. increased its equity stake in Freedom to 52.9% in Q4. BlackRock Inc. now owns 86,170 shares of the company valued at $5,974,000 after purchasing an additional 29,807 shares during the period. Vanguard Group Inc. increased its equity stake in Freedom by 30.9% in Q1. Vanguard Group Inc. now owns 67,728 shares of the company valued at $4,037,000 after purchasing an additional 15,977 shares during the period. Finally, California State Teachers Retirement System purchased a new equity stake in Freedom in Q3, valued at approximately $904,000. 1.62% of the shares are currently held by hedge funds and other institutional investors.

About freedom (NASDAQ: FRHC)

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment advisory, securities trading, market making, retail banking, corporate banking, investment and underwriting. The company provides investment brokerage services for exchange-traded and over-the-counter equity and corporate debt securities, money market instruments, exchange-traded options and futures, government bonds and mutual funds; margin lending services secured by securities and cash in the client’s account; various investment education and training courses; investment research services; and commercial banking, including payment cards, digital mortgages and digital auto loans, as well as insurance products.

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