MoneyHero (NASDAQ:MNY) Rating Lowered to Strong Sell at Zacks Research

MoneyHero (NASDAQ:MNY – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.

Separately, Weiss Ratings cut shares of MoneyHero from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. Two investment analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, MoneyHero has a consensus rating of “Sell”.

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MoneyHero Trading Down 4.7%

MNY stock opened at $0.64 on Monday. The company has a market capitalization of $27.97 million, a P/E ratio of -1.93 and a beta of 1.28. The business has a 50 day simple moving average of $0.81 and a 200-day simple moving average of $1.05. MoneyHero has a twelve month low of $0.60 and a twelve month high of $1.60.

MoneyHero (NASDAQ:MNY – Get Free Report) last announced its earnings results on Saturday, September 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $15.75 million during the quarter, compared to analyst estimates of $21.53 million. MoneyHero had a negative net margin of 14.85% and a negative return on equity of 21.04%. Research analysts predict that MoneyHero will post -0.17 EPS for the current fiscal year.

MoneyHero Company Profile

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MoneyHero Group Limited (NASDAQ:MNY) operates a digital personal finance platform serving consumers across Greater Southeast Asia. Through its comparison websites and financial content, the company helps users research and compare products offered by banks, insurers and other financial institutions.

The company’s platforms cover products such as credit cards, personal loans, insurance policies, bank accounts and other personal finance services. MoneyHero generates revenue by connecting consumers with financial-product providers, while its content and comparison tools are designed to support financial decision-making and customer acquisition for partners.

MoneyHero has operations in markets including Hong Kong, Singapore, Taiwan, the Philippines and Malaysia through brands such as MoneyHero, SingSaver, Moneymax, Seedly and CompareHero.

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