WizzFinancial (LON:FIN) Stock Price Down 4.3% – Here’s Why

WizzFinancial (LON:FIN)’s share price traded down 4.3% on Thursday . The stock traded as low as GBX 7.85 and last traded at GBX 8.38. 1,029,715 shares changed hands during trading, an increase of 630% from the average session volume of 141,003 shares. The stock had previously closed at GBX 8.75.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of WizzFinancial in a research note on Thursday, February 5th.

WizzFinancial Trading Down 4.3%

The company has a market capitalization of £5.90 million, a PE ratio of 15.23 and a beta of 1.62. The company’s fifty day moving average is GBX 10.13 and its 200-day moving average is GBX 12.93. The company has a debt-to-equity ratio of 89.79, a current ratio of 1.66 and a quick ratio of 1.02.

Insider Activity at WizzFinancial

In other WizzFinancial news, insider Andrew Richards acquired 58,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were bought at an average cost of GBX 9 per share, with a total value of £5,220. Also, insider Simon Bullock acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were acquired at an average cost of GBX 9 per share, for a total transaction of £4,500. Over the last quarter, insiders bought 497,000 shares of company stock valued at $4,473,000 and sold 721,921 shares valued at $6,215,226. 16.28% of the stock is owned by corporate insiders.

WizzFinancial Company Profile

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.