HC Wainwright Reaffirms Neutral Rating for Ryvyl (NASDAQ:RVYL)

Ryvyl (NASDAQ:RVYL)‘s stock had its “neutral” rating reissued by analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports.

Ryvyl Stock Performance

Shares of NASDAQ:RVYL opened at $1.24 on Friday. The business’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.51. The company has a market cap of $9.11 million, a P/E ratio of -0.15 and a beta of 4.33. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.00. Ryvyl has a one year low of $0.89 and a one year high of $5.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ryvyl stock. Renaissance Technologies LLC purchased a new stake in Ryvyl Inc. (NASDAQ:RVYL) in the second quarter, according to its most recent filing with the SEC. The fund purchased 41,424 shares of the company’s stock, valued at approximately $60,000. Renaissance Technologies LLC owned about 0.64% of Ryvyl at the end of the most recent quarter. Institutional investors and hedge funds own 17.37% of the company’s stock.

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.