Ryvyl (NASDAQ:RVYL) Earns “Neutral” Rating from HC Wainwright

HC Wainwright reiterated their neutral rating on shares of Ryvyl (NASDAQ:RVYL) in a research report report published on Friday,Benzinga reports.

Ryvyl Price Performance

RVYL opened at $1.28 on Friday. Ryvyl has a 12-month low of $0.89 and a 12-month high of $5.48. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $9.41 million, a P/E ratio of -0.15 and a beta of 4.33. The stock has a fifty day moving average of $1.53 and a 200-day moving average of $1.51.

Institutional Trading of Ryvyl

A hedge fund recently bought a new stake in Ryvyl stock. Renaissance Technologies LLC acquired a new stake in shares of Ryvyl Inc. (NASDAQ:RVYL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,424 shares of the company’s stock, valued at approximately $60,000. Renaissance Technologies LLC owned 0.64% of Ryvyl at the end of the most recent quarter. 17.37% of the stock is currently owned by institutional investors.

Ryvyl Company Profile

Ryvyl Inc, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger.