Currenc Group Inc. (NASDAQ:CURR – Get Free Report) shares were down 3.3% during trading on Wednesday . The stock traded as low as $2.55 and last traded at $2.61. 42,351 shares were traded during trading, a decline of 75% from the average session volume of 168,269 shares. The stock had previously closed at $2.70.
Wall Street Analysts Forecast Growth
Separately, UBS Group initiated coverage on shares of Currenc Group in a research note on Wednesday, June 24th. They issued a “reduce” rating for the company. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on CURR
Currenc Group Stock Performance
Hedge Funds Weigh In On Currenc Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd raised its position in shares of Currenc Group by 66.5% in the fourth quarter. XTX Topco Ltd now owns 42,104 shares of the company’s stock valued at $75,000 after purchasing an additional 16,821 shares during the period. Virtu Financial LLC bought a new stake in shares of Currenc Group during the 4th quarter worth $31,000. Kestra Advisory Services LLC bought a new stake in shares of Currenc Group during the 1st quarter worth $152,000. Finally, Two Sigma Investments LP acquired a new position in Currenc Group in the 3rd quarter valued at $100,000. Institutional investors and hedge funds own 56.01% of the company’s stock.
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.
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