freenet (OTCMKTS:FRTAF) Hits New 12-Month Low – Time to Sell?

freenet AG (OTCMKTS:FRTAF)’s stock price hit a new 52-week low on Thursday . The company traded as low as $26.87 and last traded at $26.87, with a volume of 0 shares. The stock had previously closed at $26.87.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of freenet from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th.

freenet Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.71 and a current ratio of 0.75. The company has a market cap of $3.44 billion, a PE ratio of 12.67 and a beta of 0.40. The company’s 50 day moving average price is $26.87 and its 200-day moving average price is $26.98.

freenet (OTCMKTS:FRTAF) last released its earnings results on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $679.75 million during the quarter. freenet had a return on equity of 18.50% and a net margin of 9.07%.

About freenet

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.