Murano Global BV (NASDAQ:MRNO) Upgraded to “Hold” at Wall Street Zen

Murano Global BV (NASDAQ:MRNO) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Murano Global BV in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Murano Global BV Stock Down 17.7%

MRNO opened at $0.68 on Friday. The firm’s fifty day simple moving average is $1.03 and its two-hundred day simple moving average is $1.98. Murano Global BV has a 52-week low of $0.49 and a 52-week high of $13.25. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Murano Global BV stock. Clear Street Group Inc. bought a new position in shares of Murano Global BV (NASDAQ:MRNO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 248,374 shares of the company’s stock, valued at approximately $640,000. Clear Street Group Inc. owned approximately 0.31% of Murano Global BV as of its most recent SEC filing. 11.79% of the stock is owned by institutional investors and hedge funds.

About Murano Global BV

Murano Global BV is a special purpose acquisition company (SPAC) incorporated under the laws of the Netherlands. Its sole purpose is to identify and complete a business combination through a merger, stock exchange, asset acquisition or similar transaction. The company is listed on the NASDAQ under the ticker MRNO and was formed to leverage public capital markets expertise in sourcing and structuring deals.

Sponsored by Murano Partners and its affiliates, Murano Global BV raised capital through its initial public offering in 2021.