CURRENC Group (NASDAQ:CURR) Shares Up 3.4% – Should You Buy?

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

Analysts Set New Price Targets

CURR has been the topic of several analyst reports. UBS Group set a $3.50 price objective on CURRENC Group in a report on Wednesday, March 5th. Roth Capital raised shares of CURRENC Group to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Roth Mkm began coverage on shares of CURRENC Group in a report on Wednesday, March 5th. They set a “buy” rating and a $3.50 price objective for the company.

CURRENC Group Price Performance

The stock has a fifty day moving average of $1.86.

Hedge Funds Weigh In On CURRENC Group

A hedge fund recently bought a new stake in CURRENC Group stock. Rivernorth Capital Management LLC purchased a new stake in CURRENC Group Inc. (NASDAQ:CURR) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 61,243 shares of the company’s stock, valued at approximately $153,000. Rivernorth Capital Management LLC owned 0.13% of CURRENC Group as of its most recent filing with the SEC. 56.01% of the stock is owned by institutional investors and hedge funds.

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.