MoneyHero (NASDAQ:MNY) Trading Down 2.2% – Here’s Why

MoneyHero Limited (NASDAQ:MNYGet Free Report) shares were down 2.2% on Monday . The company traded as low as $0.8596 and last traded at $0.87. Approximately 4,616 shares changed hands during trading, a decline of 65% from the average daily volume of 13,038 shares. The stock had previously closed at $0.8899.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of MoneyHero from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MoneyHero has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on MNY

MoneyHero Stock Down 2.2%

The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $38.13 million, a P/E ratio of -2.90 and a beta of 1.24. The company has a 50-day moving average of $0.93 and a two-hundred day moving average of $1.20.

MoneyHero (NASDAQ:MNYGet Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). MoneyHero had a negative return on equity of 16.25% and a negative net margin of 12.53%.The firm had revenue of $16.52 million during the quarter, compared to the consensus estimate of $16.18 million. On average, research analysts predict that MoneyHero Limited will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in MoneyHero stock. Renaissance Technologies LLC boosted its holdings in MoneyHero Limited (NASDAQ:MNYFree Report) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,611 shares of the company’s stock after purchasing an additional 21,500 shares during the quarter. Renaissance Technologies LLC owned about 0.30% of MoneyHero worth $157,000 at the end of the most recent quarter. 30.86% of the stock is owned by hedge funds and other institutional investors.

MoneyHero Company Profile

(Get Free Report)

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.

Further Reading

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