MoneyHero (NASDAQ:MNY) Shares Down 2.2% – Time to Sell?

MoneyHero Limited (NASDAQ:MNY) shares traded down 2.2% during mid-day trading on Monday . The company traded as low as $0.8596 and last traded at $0.87. Approximately 4,616 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 13,038 shares. The stock had previously closed at $0.8899.

Analyst Ratings Changes

Separately, Weiss Ratings raised MoneyHero from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 24th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

MoneyHero Stock Performance

The company has a market cap of $37.47 million, a price-to-earnings ratio of -2.85 and a beta of 1.23. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $0.92 and a 200 day simple moving average of $1.19.

MoneyHero (NASDAQ:MNY) last released its quarterly earnings results on Wednesday, June 24th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The company had revenue of $16.52 million during the quarter, compared to analysts’ expectations of $16.18 million. MoneyHero had a negative return on equity of 16.25% and a negative net margin of 12.53%. As a group, analysts predict that MoneyHero Limited will post -0.12 EPS for the current year.

Institutional Investors Weigh In On MoneyHero

An institutional investor recently raised its stake in MoneyHero stock. Renaissance Technologies LLC boosted its position in MoneyHero Limited (NASDAQ:MNY) by 20.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,611 shares of the company’s stock after buying an additional 21,500 shares during the quarter. Renaissance Technologies LLC owned 0.30% of MoneyHero worth $157,000 at the end of the most recent quarter. 30.86% of the stock is owned by institutional investors and hedge funds.

MoneyHero Company Profile

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.