Currenc Group (NASDAQ:CURR) Trading 6.3% Higher – Time to Buy?

Shares of Currenc Group Inc. (NASDAQ:CURRGet Free Report) traded up 6.3% during trading on Monday . The company traded as high as $3.95 and last traded at $3.86. 223,210 shares traded hands during trading, an increase of 45% from the average daily volume of 154,141 shares. The stock had previously closed at $3.63.

Analyst Upgrades and Downgrades

Separately, UBS Group initiated coverage on shares of Currenc Group in a report on Wednesday, June 24th. They issued a “reduce” rating on the stock. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

View Our Latest Stock Analysis on Currenc Group

Currenc Group Price Performance

The stock has a market capitalization of $289.59 million, a price-to-earnings ratio of -12.60 and a beta of 0.11. The company’s 50-day simple moving average is $3.12 and its 200-day simple moving average is $2.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.12 and a quick ratio of 1.12.

Institutional Trading of Currenc Group

Several hedge funds have recently added to or reduced their stakes in CURR. Two Sigma Investments LP bought a new stake in Currenc Group in the 3rd quarter valued at $100,000. XTX Topco Ltd grew its holdings in Currenc Group by 66.5% in 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. Virtu Financial LLC bought a new position in Currenc Group during the 4th quarter worth $31,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Currenc Group during the first quarter worth $152,000. 56.01% of the stock is owned by institutional investors and hedge funds.

Currenc Group Company Profile

(Get Free Report)

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.

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