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

WizzFinancial (LON:FIN)’s share price fell 4.3% during mid-day trading on Wednesday . The stock traded as low as GBX 11.01 and last traded at GBX 11.01. 15,898 shares changed hands during trading, a decline of 90% from the average daily volume of 159,129 shares. The stock had previously closed at GBX 11.50.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of WizzFinancial in a report on Thursday, June 4th.

WizzFinancial Stock Performance

The company has a market cap of £7.82 million, a price-to-earnings ratio of -5.78 and a beta of 1.45. 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 stock’s fifty day simple moving average is GBX 11.08 and its 200 day simple moving average is GBX 11.51.

WizzFinancial (LON:FIN) last issued its earnings results on Thursday, June 4th. The company reported GBX (1.92) earnings per share (EPS) for the quarter. 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 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.