CURRENC Group (NASDAQ:CURR) Shares Up 3.4% – Here’s Why

CURRENC Group Inc. (NASDAQ:CURR)’s share price shot up 3.4% on Monday . The company traded as high as $1.53 and last traded at $1.51. 70,588 shares changed hands during trading, a decline of 97% from the average session volume of 2,511,925 shares. The stock had previously closed at $1.46.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Roth Capital raised CURRENC Group to a “strong-buy” rating in a report on Wednesday, March 5th. UBS Group set a $3.50 price target on shares of CURRENC Group in a report on Wednesday, March 5th. Finally, Roth Mkm started coverage on shares of CURRENC Group in a report on Wednesday, March 5th. They issued a “buy” rating and a $3.50 price objective on the stock.

CURRENC Group Stock Up 3.4 %

The company has a 50-day moving average of $1.86.

Institutional Investors Weigh In On CURRENC Group

An institutional investor recently bought a new position in CURRENC Group stock. Rivernorth Capital Management LLC purchased a new position in CURRENC Group Inc. (NASDAQ:CURR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 61,243 shares of the company’s stock, valued at approximately $153,000. Rivernorth Capital Management LLC owned approximately 0.13% of CURRENC Group at the end of the most recent quarter. Institutional investors and hedge funds own 56.01% of the company’s stock.

About CURRENC Group

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.