Currenc Group (NASDAQ:CURR) Stock Price Up 4.1% – What’s Next?

Currenc Group Inc. (NASDAQ:CURR) shares shot up 4.1% on Wednesday . The company traded as high as $3.07 and last traded at $3.06. 194,590 shares were traded during trading, an increase of 48% from the average session volume of 131,258 shares. The stock had previously closed at $2.94.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Currenc Group in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Currenc Group Trading Up 4.1%

The company has a market capitalization of $232.80 million, a price-to-earnings ratio of -3.48 and a beta of -0.14. The stock’s fifty day simple moving average is $2.20 and its 200-day simple moving average is $2.12.

Institutional Investors Weigh In On Currenc Group

A number of hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP acquired a new stake in Currenc Group during the 3rd quarter worth approximately $100,000. XTX Topco Ltd grew its holdings in Currenc Group by 66.5% during the 4th quarter. XTX Topco Ltd now owns 42,104 shares of the company’s stock worth $75,000 after acquiring an additional 16,821 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Currenc Group during the 4th quarter worth approximately $31,000. 56.01% of the stock is currently owned by institutional investors and hedge funds.

Currenc Group Company Profile

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.