Roth Capital Upgrades CURRENC Group (NASDAQ:CURR) to “Strong-Buy”

CURRENC Group (NASDAQ:CURR) was upgraded by analysts at Roth Capital to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Roth Mkm assumed coverage on shares of CURRENC Group in a research note on Wednesday. They issued a “buy” rating and a $3.50 price target on the stock.

CURRENC Group Price Performance

Shares of CURR opened at $2.15 on Wednesday. The stock’s 50 day moving average price is $1.90. CURRENC Group has a one year low of $1.18 and a one year high of $13.59.

Hedge Funds Weigh In On CURRENC Group

A hedge fund recently bought a new stake in CURRENC Group stock. Rivernorth Capital Management LLC purchased a new position in shares of CURRENC Group Inc. (NASDAQ:CURR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 61,243 shares of the company’s stock, valued at approximately $153,000. Rivernorth Capital Management LLC owned 0.13% of CURRENC Group as of its most recent SEC filing. 56.01% of the stock is owned by hedge funds and other institutional investors.

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.