Currenc Group (NASDAQ:CURR) Trading Down 1.2% - What's Next?

Key Points

• Currenc Group Inc. shares fell 1.2% to $1.70 during mid-day trading, with a significant drop in trading volume by 87% from the average.
• The company reported a quarterly loss of ($0.10) earnings per share, missing estimates by ($0.06), along with revenues of $8.71 million which were below the expected $10.40 million.
• Currenc Group operates a fintech banking platform focused on remittance services, sales of airtime, and other financial services, and has a market cap of $79.10 million.

Currenc Group Inc. (NASDAQ:CURR - Get Free Report)'s share price dropped 1.2% during mid-day trading on Tuesday . The stock traded as low as $1.67 and last traded at $1.70. Approximately 34,672 shares were traded during trading, a decline of 87% from the average daily volume of 265,764 shares. The stock had previously closed at $1.72.

Currenc Group Stock Performance

The firm has a market cap of $79.10 million, a price-to-earnings ratio of -1.60 and a beta of -0.13. The firm has a fifty day simple moving average of $1.62 and a 200-day simple moving average of $1.44.

Currenc Group (NASDAQ:CURR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The business had revenue of $8.71 million during the quarter, compared to analysts' expectations of $10.40 million.

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.

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