Cuentas (NASDAQ:CUEN) Stock Price Down 6.1%

Shares of Cuentas Inc. (NASDAQ:CUEN) fell 6.1% during mid-day trading on Monday . The stock traded as low as $0.30 and last traded at $0.31. 718 shares changed hands during trading, a decline of 92% from the average session volume of 8,645 shares. The stock had previously closed at $0.33.

Cuentas Stock Performance

The firm’s 50 day moving average price is $0.44 and its 200-day moving average price is $0.94.

Institutional Investors Weigh In On Cuentas

An institutional investor recently bought a new position in Cuentas stock. Jane Street Group LLC purchased a new position in shares of Cuentas Inc. (NASDAQ:CUEN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,036 shares of the company’s stock, valued at approximately $65,000. Jane Street Group LLC owned about 0.33% of Cuentas as of its most recent SEC filing.

Cuentas Company Profile

Cuentas Inc, together with its subsidiaries, provides mobile, prepaid debit, and digital content services to the unbanked, underbanked, and underserved communities in the United States and internationally. It offers prepaid voice, text, and data mobile phone services; and domestic and international long-distance voice, text, and data telephony services.