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

Roth Capital upgraded shares of CURRENC Group (NASDAQ:CURR) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Separately, Roth Mkm initiated coverage on shares of CURRENC Group in a research report on Wednesday. They issued a “buy” rating and a $3.50 price objective on the stock.

CURRENC Group Stock Performance

Shares of NASDAQ:CURR opened at $2.15 on Wednesday. The stock has a fifty day simple moving average of $1.90. CURRENC Group has a 52 week low of $1.18 and a 52 week high of $13.59.

Institutional Investors Weigh In On CURRENC Group

A hedge fund recently bought a new stake in CURRENC Group stock. Rivernorth Capital Management LLC bought a new stake in shares of CURRENC Group Inc. (NASDAQ:CURR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter. 56.01% of the stock is currently owned by institutional investors.

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.