MoneyHero (NASDAQ:MNY) Trading Up 3.2% – Here’s Why

MoneyHero Limited (NASDAQ:MNY)’s stock price was up 3.2% during trading on Monday . The stock traded as high as $1.00 and last traded at $1.00. Approximately 7,116 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 63,913 shares. The stock had previously closed at $0.9690.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of MoneyHero from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, MoneyHero currently has an average rating of “Reduce”.

MoneyHero Trading Up 3.2%

The stock has a market cap of $43.83 million, a P/E ratio of -3.33 and a beta of 1.24. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $1.15 and its 200 day moving average price is $1.26.

MoneyHero (NASDAQ:MNY) last released its 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 business 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%. Equities research analysts expect that MoneyHero Limited will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On MoneyHero

An institutional investor recently raised its stake in MoneyHero stock. Renaissance Technologies LLC raised its holdings in shares of MoneyHero Limited (NASDAQ:MNY) by 20.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,611 shares of the company’s stock after purchasing an additional 21,500 shares during the period. Renaissance Technologies LLC owned 0.30% of MoneyHero worth $157,000 as of its most recent SEC filing. 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.