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

HC Wainwright reiterated their neutral rating on shares of Ryvyl (NASDAQ:RVYL) in a report released on Thursday,Benzinga reports.

Ryvyl Stock Down 2.4 %

RVYL stock opened at $0.85 on Thursday. 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 firm has a 50-day moving average of $1.04 and a two-hundred day moving average of $1.35. Ryvyl has a 12 month low of $0.69 and a 12 month high of $2.68. The company has a market cap of $7.12 million, a price-to-earnings ratio of -0.10 and a beta of 4.49.

Institutional Inflows and Outflows

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