Ryvyl’s (RVYL) Neutral Rating Reaffirmed at HC Wainwright

Ryvyl (NASDAQ:RVYL)‘s stock had its “neutral” rating restated by investment analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports.

Ryvyl Stock Down 2.7 %

Shares of NASDAQ:RVYL opened at $0.90 on Wednesday. The business has a 50-day moving average price of $1.27 and a 200 day moving average price of $1.37. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $7.52 million, a price-to-earnings ratio of -0.11 and a beta of 4.30. Ryvyl has a 12-month low of $0.69 and a 12-month high of $4.65.

Institutional Trading of Ryvyl

An institutional investor recently raised its position in Ryvyl stock. Heights Capital Management Inc. increased its holdings in shares of Ryvyl Inc. (NASDAQ:RVYL) by 341.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,026 shares of the company’s stock after purchasing an additional 92,841 shares during the quarter. Heights Capital Management Inc. owned 1.62% of Ryvyl worth $156,000 at the end of the most recent reporting period. 17.37% of the stock is currently owned by hedge funds and other institutional investors.

Ryvyl Company Profile

Ryvyl Inc, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger.