HC Wainwright Reaffirms “Neutral” Rating for Ryvyl (NASDAQ:RVYL)

Ryvyl (NASDAQ:RVYL)‘s stock had its “neutral” rating reaffirmed by equities researchers at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports.

Ryvyl Stock Down 2.4 %

Shares of NASDAQ RVYL opened at $0.85 on Thursday. The stock has a market capitalization of $7.12 million, a PE ratio of -0.10 and a beta of 4.40. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.80. The firm has a fifty day moving average of $1.04 and a 200-day moving average of $1.35. Ryvyl has a 52-week low of $0.69 and a 52-week high of $2.72.

Institutional Investors Weigh In On Ryvyl

A hedge fund recently raised its stake in Ryvyl stock. Heights Capital Management Inc. increased its holdings in shares of Ryvyl Inc. (NASDAQ:RVYL) by 341.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,026 shares of the company’s stock after purchasing an additional 92,841 shares during the quarter. Heights Capital Management Inc. owned 1.62% of Ryvyl worth $156,000 as of its most recent filing with the SEC. Institutional investors own 17.37% of the company’s stock.

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.