MoneyHero (NASDAQ:MNY) Shares Down 0.7% – Here’s What Happened

MoneyHero Limited (NASDAQ:MNY)’s share price dropped 0.7% during mid-day trading on Monday . The company traded as low as $1.3172 and last traded at $1.34. Approximately 93,869 shares changed hands during trading, a decline of 16% from the average daily volume of 111,112 shares. The stock had previously closed at $1.35.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MNY. Weiss Ratings reissued a “sell (d-)” rating on shares of MoneyHero in a report on Wednesday, October 8th. Wall Street Zen cut shares of MoneyHero from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.00.

MoneyHero Trading Down 0.7%

The business has a 50 day simple moving average of $1.45 and a 200-day simple moving average of $1.32. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $56.16 million, a price-to-earnings ratio of -2.68 and a beta of 1.24.

Institutional Trading of MoneyHero

A hedge fund recently bought a new stake in MoneyHero stock. PFG Investments LLC bought a new stake in MoneyHero Limited (NASDAQ:MNY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 33,100 shares of the company’s stock, valued at approximately $47,000. PFG Investments LLC owned approximately 0.08% of MoneyHero as of its most recent filing with the Securities & Exchange Commission. 30.86% of the stock is owned by hedge funds and other institutional investors.

MoneyHero Company Profile

MoneyHero Limited operates as a personal finance company. It engages in operation of online financial comparison platforms and related services. The company offers its products under Money Hero, SingSaver, Money101, MoneyMax, CompareHero, Seedly, and Creatory brands. MoneyHero Limited operates in Singapore, Hong Kong, Taiwan, the Philippines, Malaysia, and Thailand.