Freedom Financial (OTCMKTS:FDVA) Stock Falls 2.8% – Should You Sell?

Freedom Financial Holdings, Inc. (OTCMKTS:FDVA)’s share price dropped 2.8% during trading on Wednesday. The stock traded as low as $11.66 and last traded at $11.66. 770 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 19,980 shares. The stock had previously closed at $11.99.

Freedom Financial Price Performance

The company has a 50-day moving average of $12.00 and a two-hundred day moving average of $12.07. The stock has a market capitalization of $82.90 million, a PE ratio of -83.28 and a beta of 0.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.93 and a quick ratio of 0.91.

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

Freedom Financial Company Profile

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.