MoneyHero (NASDAQ:MNY) Downgraded by Wall Street Zen to "Hold"

Key Points

• MoneyHero (NASDAQ:MNY) has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, indicating a shift in analyst sentiment regarding the stock’s performance.
• Despite the downgrade, MoneyHero has a consensus rating of "Moderate Buy" and an average price target of $4.00 according to data from MarketBeat.com.
• The stock's trading performance has seen a twelve-month high of $2.40 and a low of $0.55, with shares recently opening at $1.33.

MoneyHero (NASDAQ:MNY - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Several other equities research analysts have also recently weighed in on MNY. Greenridge Global upgraded MoneyHero to a "strong-buy" rating and set a $4.00 price target on the stock in a research report on Monday, July 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of MoneyHero in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MoneyHero currently has a consensus rating of "Moderate Buy" and an average price target of $4.00.

MoneyHero Trading Up 1.5%

Shares of MNY opened at $1.33 on Friday. The business's 50-day moving average price is $1.61 and its 200-day moving average price is $1.24. MoneyHero has a twelve month low of $0.55 and a twelve month high of $2.40. The stock has a market cap of $55.74 million, a PE ratio of -2.66 and a beta of 1.24. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.01.

About MoneyHero

MoneyHero Limited operates as a personal finance company. It engages in operation of online financial comparison platforms and related services. The company offers its products under Money Hero, SingSaver, Money101, MoneyMax, CompareHero, Seedly, and Creatory brands. MoneyHero Limited operates in Singapore, Hong Kong, Taiwan, the Philippines, Malaysia, and Thailand.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.