Procap Financial (NASDAQ:BRR) Shares Up 17.8% – Here’s Why

Procap Financial, Inc. (NASDAQ:BRR) was up 17.8% during mid-day trading on Monday . The stock traded as high as $1.77 and last traded at $1.72. 3,897,965 shares traded hands during trading, an increase of 492% from the average session volume of 658,288 shares. The stock had previously closed at $1.46.

Analyst Upgrades and Downgrades

A number of research firms have commented on BRR. Weiss Ratings initiated coverage on shares of Procap Financial in a report on Wednesday, May 20th. They issued a “sell (d-)” rating for the company. Wall Street Zen cut Procap Financial from a “hold” rating to a “sell” rating in a report on Sunday, April 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Procap Financial Trading Up 17.8%

The company has a current ratio of 13.02, a quick ratio of 13.02 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $1.73 and a 200-day simple moving average of $3.63. The company has a market capitalization of $155.78 million and a PE ratio of -1.32.

About Procap Financial

ProCap Financial, Inc operates as a bitcoin-native financial services company. The company is based in New York, New York.