Renaissance Technologies LLC Acquires Shares of 41,424 Ryvyl Inc. (NASDAQ:RVYL)

Renaissance Technologies LLC acquired a new stake in shares of Ryvyl Inc. (NASDAQ:RVYL) during the second quarter, HoldingsChannel.com reports. The firm acquired 41,424 shares of the company’s stock, valued at approximately $60,000.

Separately, Cross Staff Investments Inc purchased a new stake in Ryvyl during the first quarter valued at approximately $100,000. 17.37% of the stock is owned by hedge funds and other institutional investors.

Ryvyl Trading Up 6.9 %

Shares of RVYL stock opened at $1.86 on Tuesday. Ryvyl Inc. has a 1 year low of $0.89 and a 1 year high of $5.48. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $1.28 and its two-hundred day simple moving average is $1.54. The company has a market cap of $12.03 million, a PE ratio of -0.21 and a beta of 4.32.

Ryvyl (NASDAQ:RVYL) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.64) earnings per share for the quarter, topping the consensus estimate of ($0.96) by $0.32. Ryvyl had a negative return on equity of 235.63% and a negative net margin of 70.05%. The firm had revenue of $11.90 million for the quarter, compared to the consensus estimate of $12.80 million. Research analysts predict that Ryvyl Inc. will post -1.53 earnings per share for the current year.

Ryvyl 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.