Currenc Group (NASDAQ:CURR) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Currenc Group (NASDAQ:CURR) to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Separately, UBS Group began coverage on shares of Currenc Group in a research report on Wednesday, June 24th. They set a “reduce” rating on the stock. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Sell”.

Currenc Group Price Performance

Currenc Group stock opened at $3.00 on Friday. The stock has a market capitalization of $229.83 million, a price-to-earnings ratio of -10.00 and a beta of 0.10. Currenc Group has a 52-week low of $1.31 and a 52-week high of $5.08. The stock’s 50 day moving average price is $3.39 and its two-hundred day moving average price is $3.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.12 and a current ratio of 1.12.

Institutional Trading of Currenc Group

A hedge fund recently bought a new stake in Currenc Group stock. Kestra Advisory Services LLC purchased a new position in shares of Currenc Group Inc. (NASDAQ:CURR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 57,910 shares of the company’s stock, valued at approximately $152,000. Kestra Advisory Services LLC owned 0.08% of Currenc Group as of its most recent filing with the SEC. 56.01% of the stock is owned by hedge funds and other institutional investors.

Currenc Group Company Profile

Currenc Group Inc (NASDAQ: CURR) is a financial technology company focused on cross-border payments and related financial services. The company provides solutions designed to help individuals and businesses send, receive, and manage money across international markets.

Its activities include payment processing, money transfers, foreign-exchange services, and other transaction-related solutions intended to support international commerce and remittance needs. Currenc Group serves customers through a technology-enabled platform and operates in markets connected to the global payments ecosystem.

Publicly available information about the company’s operating history, geographic footprint, and leadership is limited.