Roth Capital Upgrades CURRENC Group (NASDAQ:CURR) to “Strong-Buy”

CURRENC Group (NASDAQ:CURR) was upgraded by equities research analysts at Roth Capital to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Roth Mkm began coverage on CURRENC Group in a report on Wednesday. They set a “buy” rating and a $3.50 price target for the company.

CURRENC Group Price Performance

Shares of NASDAQ CURR opened at $2.20 on Wednesday. CURRENC Group has a one year low of $1.18 and a one year high of $13.59. The business’s 50-day simple moving average is $1.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 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 SEC filing. 56.01% of the stock is currently owned by institutional investors.

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.