CURRENC Group (NASDAQ:CURR) Raised to Strong-Buy at Roth Capital

CURRENC Group (NASDAQ:CURR) was upgraded by investment analysts at Roth Capital to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

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

CURRENC Group Stock Up 1.9 %

NASDAQ CURR opened at $2.15 on Wednesday. The company’s 50-day moving average is $1.90. CURRENC Group has a fifty-two week low of $1.18 and a fifty-two week 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 purchased a new position in CURRENC Group Inc. (NASDAQ:CURR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission. 56.01% of the stock is owned by institutional investors and hedge funds.

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.