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

HC Wainwright reaffirmed their neutral rating on shares of Ryvyl (NASDAQ:RVYL) in a research note issued to investors on Thursday morning,Benzinga reports.

Ryvyl Trading Down 8.2 %

Shares of RVYL stock opened at $0.87 on Thursday. The stock has a 50-day moving average of $1.05 and a 200-day moving average of $1.35. 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 stock has a market cap of $7.30 million, a price-to-earnings ratio of -0.10 and a beta of 4.40. Ryvyl has a 1-year low of $0.69 and a 1-year high of $2.76.

Institutional Investors Weigh In On Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Mariner LLC bought a new stake in Ryvyl Inc. (NASDAQ:RVYL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned 1.05% of Ryvyl as of its most recent SEC filing. 17.37% of the stock is currently owned by 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.