Ryvyl (NASDAQ:RVYL) Earns Neutral Rating from HC Wainwright

Ryvyl (NASDAQ:RVYL)‘s stock had its “neutral” rating reaffirmed by analysts at HC Wainwright in a research note issued to investors on Friday,Benzinga reports.

Ryvyl Stock Down 27.1 %

Ryvyl stock opened at $1.24 on Friday. The firm has a market capitalization of $9.11 million, a P/E ratio of -0.15 and a beta of 4.33. The company has a 50-day simple moving average of $1.53 and a 200-day simple moving average of $1.51. Ryvyl has a one year low of $0.89 and a one year high of $5.48. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.00.

Institutional Trading of Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Renaissance Technologies LLC acquired a new stake in shares of Ryvyl Inc. (NASDAQ:RVYL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,424 shares of the company’s stock, valued at approximately $60,000. Renaissance Technologies LLC owned 0.64% of Ryvyl at the end of the most recent reporting period. 17.37% of the stock is currently owned by hedge funds and other institutional investors.

About Ryvyl

Ryvyl Inc, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger.