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MoneyHero (NASDAQ:MNY) Shares Up 4.7% - Here's Why

MoneyHero logo with Finance background

Shares of MoneyHero Limited (NASDAQ:MNY - Get Free Report) were up 4.7% during mid-day trading on Monday . The company traded as high as $1.85 and last traded at $1.77. Approximately 149,822 shares were traded during trading, an increase of 1% from the average daily volume of 148,031 shares. The stock had previously closed at $1.69.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MNY shares. Wall Street Zen upgraded MoneyHero to a "hold" rating in a research report on Saturday, August 16th. Greenridge Global upgraded MoneyHero to a "strong-buy" rating and set a $4.00 price objective on the stock in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, MoneyHero currently has an average rating of "Strong Buy" and a consensus target price of $4.00.

View Our Latest Research Report on MNY

MoneyHero Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a fifty day moving average price of $1.70 and a two-hundred day moving average price of $1.09. The stock has a market capitalization of $87.13 million, a PE ratio of -2.57 and a beta of 1.30.

MoneyHero (NASDAQ:MNY - Get Free Report) last issued its quarterly earnings results on Friday, June 13th. The company reported ($0.10) earnings per share for the quarter. MoneyHero had a negative return on equity of 52.74% and a negative net margin of 38.67%.The business had revenue of $363.72 million during the quarter. Research analysts expect that MoneyHero Limited will post -0.41 EPS for the current year.

MoneyHero Company Profile

(Get Free Report)

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.

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