Freenet (OTCMKTS:FRTAF) Reaches New 12-Month Low – What’s Next?

Freenet AG (OTCMKTS:FRTAF – Get Free Report)’s share price hit a new 52-week low on Friday. The stock traded as low as $25.43 and last traded at $25.43, with a volume of 100 shares. The stock had previously closed at $27.00.

Freenet Trading Down 5.8%

The firm has a market cap of $3.02 billion, a PE ratio of 9.93 and a beta of -0.03. The stock has a 50 day simple moving average of $27.00 and a 200-day simple moving average of $29.37.

About Freenet

(Get Free Report)

Freenet AG is a telecommunications and digital services company headquartered in Büdelsdorf, Germany. The company provides mobile communications, internet and television services to consumers, primarily in the German market, and operates as a service provider using the networks of major mobile network operators rather than maintaining a nationwide mobile network of its own.

Its offerings include mobile voice and data plans, broadband connectivity, prepaid and contract services, smartphones and other consumer electronics, and related accessories.

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