Currenc Group (NASDAQ:CURR) Issues Earnings Results

Currenc Group (NASDAQ:CURR) issued its quarterly earnings results on Monday. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.17, Zacks reports.

Currenc Group Stock Up 13.5%

Shares of Currenc Group stock traded up $0.46 during trading on Monday, reaching $3.84. The company’s stock had a trading volume of 478,876 shares, compared to its average volume of 3,045,186. The company has a market cap of $178.43 million, a price-to-earnings ratio of -3.59 and a beta of 0.02. The company has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $1.46. Currenc Group has a 1-year low of $0.33 and a 1-year high of $7.08.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CURR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Currenc Group in a research report on Thursday, October 30th. Zacks Research upgraded Currenc Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3.50.

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.