CURRENC Group (NASDAQ:CURR) Coverage Initiated at Roth Mkm

Stock analysts at Roth Mkm initiated coverage on shares of CURRENC Group (NASDAQ:CURR) in a research note issued on Wednesday, Marketbeat reports. The brokerage set a “buy” rating and a $3.50 price target on the stock. Roth Mkm’s target price suggests a potential upside of 59.09% from the company’s previous close.

CURRENC Group Price Performance

CURR opened at $2.20 on Wednesday. The business’s 50 day simple moving average is $1.91. CURRENC Group has a 1 year low of $1.18 and a 1 year high of $13.59.

Institutional Trading of CURRENC Group

An institutional investor recently bought a new position in CURRENC Group stock. Rivernorth Capital Management LLC bought a new position in shares of CURRENC Group Inc. (NASDAQ:CURR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,243 shares of the company’s stock, valued at approximately $153,000. Rivernorth Capital Management LLC owned approximately 0.13% of CURRENC Group as of its most recent filing with the Securities and Exchange Commission. 56.01% of the stock is owned by hedge funds and other 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.