Currenc Group (NASDAQ:CURR) Stock Rating Upgraded by Wall Street Zen

Currenc Group (NASDAQ:CURR) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, UBS Group started coverage on 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Currenc Group Price Performance

Shares of Currenc Group stock opened at $3.00 on Friday. Currenc Group has a one year low of $1.31 and a one year high of $5.08. The company has a market cap of $229.83 million, a P/E ratio of -10.00 and a beta of 0.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day moving average of $3.39 and a two-hundred day moving average of $3.17.

Hedge Funds Weigh In On Currenc Group

An institutional investor recently bought a new stake in Currenc Group stock. Engineers Gate Manager LP acquired a new position in shares of Currenc Group Inc. (NASDAQ:CURR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,322 shares of the company’s stock, valued at approximately $98,000. 56.01% of the stock is currently owned by institutional investors.

About Currenc Group

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.