MoneyHero (NASDAQ:MNY) Rating Lowered to Strong Sell at Zacks Research

by · The Markets Daily

MoneyHero (NASDAQ:MNY – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.

Separately, Weiss Ratings lowered shares of MoneyHero from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. Two analysts have rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on MNY

MoneyHero Trading Down 4.7%

MoneyHero stock opened at $0.64 on Monday. The stock has a 50 day moving average of $0.81 and a two-hundred day moving average of $1.05. MoneyHero has a twelve month low of $0.60 and a twelve month high of $1.60. The stock has a market capitalization of $27.97 million, a price-to-earnings ratio of -1.93 and a beta of 1.28.

MoneyHero (NASDAQ:MNY – Get Free Report) last released its earnings results on Saturday, September 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). MoneyHero had a negative net margin of 14.85% and a negative return on equity of 21.04%. The company had revenue of $15.75 million during the quarter, compared to analyst estimates of $21.53 million. Equities analysts predict that MoneyHero will post -0.17 earnings per share for the current year.

About MoneyHero

(Get Free Report)

MoneyHero Group Limited (NASDAQ:MNY) operates a digital personal finance platform serving consumers across Greater Southeast Asia. Through its comparison websites and financial content, the company helps users research and compare products offered by banks, insurers and other financial institutions.

The company’s platforms cover products such as credit cards, personal loans, insurance policies, bank accounts and other personal finance services. MoneyHero generates revenue by connecting consumers with financial-product providers, while its content and comparison tools are designed to support financial decision-making and customer acquisition for partners.

MoneyHero has operations in markets including Hong Kong, Singapore, Taiwan, the Philippines and Malaysia through brands such as MoneyHero, SingSaver, Moneymax, Seedly and CompareHero.

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