Currenc Group (NASDAQ:CURR) Announces Quarterly Earnings Results

Currenc Group (NASDAQ:CURR) posted its quarterly earnings data on Monday. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.17, Zacks reports. The firm had revenue of $10.39 million for the quarter, compared to analysts’ expectations of $9.50 million.

Currenc Group Trading Down 5.0%

NASDAQ CURR opened at $3.22 on Wednesday. Currenc Group has a 1-year low of $0.33 and a 1-year high of $7.08. The firm’s fifty day simple moving average is $1.96 and its 200-day simple moving average is $1.48. The company has a market capitalization of $149.83 million, a PE ratio of -3.66 and a beta of 0.02.

Analyst Ratings Changes

A number of equities analysts recently commented on CURR shares. Zacks Research raised shares of Currenc Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Currenc Group in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3.50.

About Currenc Group

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.