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

WizzFinancial (LON:FIN)’s stock price fell 4.3% during trading on Thursday . The company traded as low as GBX 7.85 and last traded at GBX 8.38. 1,029,715 shares traded 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.

Analyst Ratings Changes

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

WizzFinancial Stock Performance

The company has a debt-to-equity ratio of 89.79, a quick ratio of 1.02 and a current ratio of 1.66. The firm’s 50 day simple moving average is GBX 10.04 and its 200-day simple moving average is GBX 12.90. The company has a market cap of £6.62 million, a price-to-earnings ratio of 17.09 and a beta of 1.62.

Insider Transactions at WizzFinancial

In other news, insider Simon Bullock bought 50,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were bought at an average cost of GBX 9 per share, for a total transaction of £4,500. Also, insider Bill Newton sold 297,200 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of GBX 9, for a total transaction of £26,748. In the last 90 days, insiders have acquired 497,000 shares of company stock valued at $4,473,000 and have sold 721,921 shares valued at $6,215,226. Company insiders own 16.28% of the company’s stock.

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.