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

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

Separately, UBS Group assumed coverage on Currenc Group in a report on Wednesday, June 24th. They issued a “reduce” rating for the company. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Currenc Group currently has an average rating of “Sell”.

Currenc Group Stock Up 3.7%

Shares of Currenc Group stock opened at $3.11 on Friday. Currenc Group has a one year low of $1.31 and a one year high of $5.08. 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’s 50-day moving average is $3.38 and its 200 day moving average is $3.18. The firm has a market cap of $238.26 million, a price-to-earnings ratio of -10.37 and a beta of 0.10.

Hedge Funds Weigh In On Currenc Group

An institutional investor recently bought a new stake in Currenc Group stock. Kestra Advisory Services LLC bought a new stake in Currenc Group Inc. (NASDAQ:CURR) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 57,910 shares of the company’s stock, valued at approximately $152,000. Kestra Advisory Services LLC owned 0.08% of Currenc Group at the end of the most recent reporting period. 56.01% of the stock is currently 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.