CURRENC Group (NASDAQ:CURR) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

CURRENC Group (NASDAQ:CURR) released its earnings results on Tuesday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09), Zacks reports.

CURRENC Group Stock Down 18.4%

Shares of NASDAQ CURR traded down $0.15 during midday trading on Tuesday, hitting $0.64. The company had a trading volume of 613,314 shares, compared to its average volume of 2,051,052. CURRENC Group has a twelve month low of $0.61 and a twelve month high of $7.08. The business has a 50-day simple moving average of $1.51 and a two-hundred day simple moving average of $1.74.

Wall Street Analyst Weigh In

CURR has been the subject of several recent analyst reports. Roth Mkm initiated coverage on shares of CURRENC Group in a research note on Wednesday, March 5th. They issued a “buy” rating and a $3.50 target price for the company. UBS Group set a $3.50 target price on shares of CURRENC Group in a research note on Wednesday, March 5th. Finally, Roth Capital upgraded shares of CURRENC Group to a “strong-buy” rating in a research note on Wednesday, March 5th.

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.