MoneyHero (NASDAQ:MNY) Issues Quarterly Earnings Results, Misses Estimates By $0.11 EPS

MoneyHero (NASDAQ:MNY) issued its earnings results on Friday. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11), RTT News reports. MoneyHero had a negative net margin of 22.13% and a negative return on equity of 31.70%. During the same quarter last year, the business posted $0.10 earnings per share.

MoneyHero Price Performance

Shares of NASDAQ:MNY opened at $1.60 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.19 and a current ratio of 2.19. MoneyHero has a 52 week low of $0.55 and a 52 week high of $2.40. The firm has a market cap of $67.06 million, a PE ratio of -3.20 and a beta of 1.23. The firm’s fifty day moving average is $1.33 and its 200-day moving average is $1.36.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of MoneyHero in a research note on Friday, November 28th. Wall Street Zen cut MoneyHero from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MoneyHero presently has an average rating of “Moderate Buy” and an average price target of $4.00.

Hedge Funds Weigh In On MoneyHero

An institutional investor recently bought a new position in MoneyHero stock. Virtu Financial LLC acquired a new stake in MoneyHero Limited (NASDAQ:MNY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned 0.06% of MoneyHero at the end of the most recent reporting period. 30.86% of the stock is currently owned by institutional investors.

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.