Traders Buy High Volume of Procap Financial Call Options (NASDAQ:BRR)

Procap Financial, Inc. (NASDAQ:BRR) saw unusually large options trading on Thursday. Traders purchased 14,702 call options on the stock. This represents an increase of 1,287% compared to the average volume of 1,060 call options.

Procap Financial Stock Up 32.4%

BRR stock traded up $0.53 during midday trading on Thursday, hitting $2.15. 5,218,267 shares of the company’s stock were exchanged, compared to its average volume of 818,224. The company has a current ratio of 13.02, a quick ratio of 13.02 and a debt-to-equity ratio of 0.30. Procap Financial has a 12-month low of $1.48 and a 12-month high of $16.25. The firm has a 50 day moving average price of $2.00 and a 200-day moving average price of $5.51. The stock has a market capitalization of $194.28 million and a price-to-earnings ratio of -1.63.

Analyst Ratings Changes

BRR has been the topic of several analyst reports. Wall Street Zen downgraded Procap Financial from a “hold” rating to a “sell” rating in a report on Sunday, April 12th. Weiss Ratings initiated coverage on Procap Financial in a report on Wednesday, May 20th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Procap Financial Company Profile

ProCap Financial, Inc operates as a bitcoin-native financial services company. The company is based in New York, New York.