Freenet (OTCMKTS:FRTAF) Sets New 52-Week Low – Here’s What Happened

Freenet AG (OTCMKTS:FRTAF)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $30.78 and last traded at $30.78, with a volume of 200 shares traded. The stock had previously closed at $39.73.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freenet in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Freenet Stock Performance

The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 12.88 and a beta of -0.10. The stock’s 50-day simple moving average is $33.89 and its two-hundred day simple moving average is $34.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.58 and a current ratio of 0.62.

Freenet Company Profile

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.