Currenc Group (NASDAQ:CURR) Announces Earnings Results

Key Points

• Currenc Group (NASDAQ:CURR) reported a quarterly loss of ($0.10) earnings per share, missing analysts' expectations of ($0.04) by ($0.06).
• Following the earnings news, Currenc Group's stock dropped by 13.1%, closing at $1.73 with a trading volume significantly below its average.
• The company operates a fintech banking platform and has a fifty-two week low of $0.33 and a high of $13.59.

Currenc Group (NASDAQ:CURR - Get Free Report) posted its earnings results on Monday. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06), Zacks reports. The business had revenue of $8.71 million for the quarter, compared to analysts' expectations of $10.40 million.

Currenc Group Price Performance

Shares of Currenc Group stock traded down $0.01 during trading on Friday, hitting $1.62. The company's stock had a trading volume of 103,855 shares, compared to its average volume of 4,012,967. Currenc Group has a 52 week low of $0.33 and a 52 week high of $12.89. The stock has a market cap of $75.38 million, a price-to-earnings ratio of -1.56 and a beta of -0.13. The stock has a 50-day moving average price of $1.18 and a two-hundred day moving average price of $1.43.

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.