Currenc Group (NASDAQ:CURR) Stock Price Up 4.1% – What’s Next?

Shares of Currenc Group Inc. (NASDAQ:CURR) rose 4.1% during trading on Wednesday . The company traded as high as $3.07 and last traded at $3.06. Approximately 194,590 shares traded hands during trading, an increase of 48% from the average daily volume of 131,258 shares. The stock had previously closed at $2.94.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Currenc Group in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Currenc Group Stock Up 4.1%

The firm has a market capitalization of $232.80 million, a price-to-earnings ratio of -3.48 and a beta of -0.14. The business’s 50-day simple moving average is $2.20 and its two-hundred day simple moving average is $2.12.

Institutional Investors Weigh In On Currenc Group

A number of institutional investors have recently made changes to their positions in CURR. Two Sigma Investments LP acquired a new stake in shares of Currenc Group during the third quarter valued at about $100,000. XTX Topco Ltd increased its position in shares of Currenc Group by 66.5% during the fourth quarter. XTX Topco Ltd now owns 42,104 shares of the company’s stock valued at $75,000 after acquiring an additional 16,821 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Currenc Group during the fourth quarter valued at about $31,000. 56.01% of the stock is currently owned by institutional investors and hedge funds.

Currenc Group Company Profile

Currenc Group, Inc engages in operating a fintech banking platform. It operates through the following segments: Remittance Services, Sales of Airtime, and Other Services. The company is headquartered in Singapore.