Currenc Group (NASDAQ:CURR) Stock Price Down 0.3% – Time to Sell?

Currenc Group Inc. (NASDAQ:CURR) shares fell 0.3% on Tuesday . The company traded as low as $2.91 and last traded at $2.96. 177,610 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 161,475 shares. The stock had previously closed at $2.97.

Currenc Group Trading Up 5.1%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $235.96 million, a PE ratio of -10.27 and a beta of 0.11. The stock’s 50 day simple moving average is $3.33 and its two-hundred day simple moving average is $2.49.

Institutional Trading of Currenc Group

A number of institutional investors have recently modified their holdings of CURR. Virtu Financial LLC purchased a new stake in shares of Currenc Group during the 4th quarter valued at approximately $31,000. XTX Topco Ltd lifted its stake in shares of Currenc Group by 66.5% during the 4th quarter. XTX Topco Ltd now owns 42,104 shares of the company’s stock valued at $75,000 after buying an additional 16,821 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Currenc Group during the 3rd quarter valued at approximately $100,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Currenc Group during the 1st quarter valued at approximately $152,000. 56.01% of the stock is currently owned by hedge funds and other institutional investors.

Currenc Group Company Profile

Currenc Group, Inc engages in operating a fintech banking platform. It operates through the following segments: Remittance Services, Sales of Airtime, and Other Services. The company is headquartered in Singapore.