WizzFinancial (LON:FIN) Announces Quarterly Earnings Results

WizzFinancial (LON:FIN) posted its quarterly earnings results on Thursday. The company reported GBX (1.92) earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 1,243 million during the quarter. WizzFinancial had a negative net margin of 8.95% and a negative return on equity of 43.85%.

WizzFinancial Stock Performance

Shares of FIN stock opened at GBX 8.22 on Friday. The stock has a market capitalization of £5.79 million, a P/E ratio of 14.95 and a beta of 1.62. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 97.87. The firm’s 50 day moving average is GBX 9.06 and its 200 day moving average is GBX 12.30. WizzFinancial has a 12 month low of GBX 7.85 and a 12 month high of GBX 34.98.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating on shares of WizzFinancial in a report on Thursday.

Insider Activity at WizzFinancial

In related news, insider Gareth Maitland Edwards sold 282,063 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of GBX 8, for a total transaction of £22,565.04. Also, insider Simon Bullock bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were purchased at an average cost of GBX 9 per share, for a total transaction of £4,500. In the last ninety days, insiders bought 497,000 shares of company stock worth $4,473,000 and sold 721,921 shares worth $6,215,226. 16.28% of the stock is owned by corporate insiders.

About WizzFinancial

WizzFinancial operates as a platform for B2B payments and foreign exchange solutions worldwide. It operates through three segments: Cross-Border Payments & Consumer Solutions, Consumer Foreign Exchange Solutions, and B2B & Payment Technology Solutions. The Cross-Border Payments & Consumer Solutions segment offers cross-border payments services through digital and physical channels. This segment also provides payroll processing, mobile wallet, bill payment, digital gifting, and consumer advance services.