Wall Street Zen Upgrades Murano Global BV (NASDAQ:MRNO) to “Hold”

Murano Global BV (NASDAQ:MRNO) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Murano Global BV in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Murano Global BV Trading Down 17.7%

Shares of MRNO opened at $0.68 on Friday. Murano Global BV has a fifty-two week low of $0.49 and a fifty-two week high of $13.25. The firm has a 50-day simple moving average of $1.03 and a 200-day simple moving average of $1.93. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.30.

Institutional Trading of Murano Global BV

A hedge fund recently bought a new stake in Murano Global BV stock. Clear Street Group Inc. bought a new position in shares of Murano Global BV (NASDAQ:MRNO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 248,374 shares of the company’s stock, valued at approximately $640,000. Clear Street Group Inc. owned 0.31% of Murano Global BV at the end of the most recent quarter. Institutional investors own 11.79% of the company’s stock.

Murano Global BV Company Profile

Murano Global BV is a special purpose acquisition company (SPAC) incorporated under the laws of the Netherlands. Its sole purpose is to identify and complete a business combination through a merger, stock exchange, asset acquisition or similar transaction. The company is listed on the NASDAQ under the ticker MRNO and was formed to leverage public capital markets expertise in sourcing and structuring deals.

Sponsored by Murano Partners and its affiliates, Murano Global BV raised capital through its initial public offering in 2021.