Freenet (OTCMKTS:FRTAF) Sets New 12-Month Low – Should You Sell?

Freenet AG (OTCMKTS:FRTAF) reached a new 52-week low during trading on Wednesday . The company 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.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freenet in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Freenet Price Performance

The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $33.89 and a 200 day simple moving average of $34.88. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 12.88 and a beta of -0.10.

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.