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

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

Ryvyl Trading Down 27.1 %

NASDAQ:RVYL opened at $1.24 on Friday. Ryvyl has a 52 week low of $0.89 and a 52 week high of $5.48. The firm has a 50 day moving average of $1.53 and a 200 day moving average of $1.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $9.11 million, a price-to-earnings ratio of -0.15 and a beta of 4.33.

Institutional Investors Weigh In On Ryvyl

A hedge fund recently raised its stake in Ryvyl stock. CVI Holdings LLC grew its stake in Ryvyl Inc. (NASDAQ:RVYL) by 752.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,379 shares of the company’s stock after buying an additional 93,904 shares during the period. CVI Holdings LLC owned 1.64% of Ryvyl worth $154,000 at the end of the most recent quarter. 17.37% of the stock is owned by hedge funds and other institutional investors.

About Ryvyl

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.