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

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated 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 issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Freenet Price Performance

The stock has a market capitalization of $3.66 billion, a PE ratio of 16.03 and a beta of -0.10. The firm’s fifty day moving average price is $33.77 and its two-hundred day moving average price is $34.82. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.14.

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.