Cantor Fitzgerald Upgrades WISE (OTCMKTS:WIZEY) to Strong-Buy

WISE (OTCMKTS:WIZEY) was upgraded by research analysts at Cantor Fitzgerald from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

WISE Stock Up 0.2%

WIZEY stock traded up $0.02 during mid-day trading on Wednesday, hitting $13.41. 6,626 shares of the stock were exchanged, compared to its average volume of 109,152. WISE has a 12 month low of $10.81 and a 12 month high of $16.06.

Wise is a financial technology company that provides low-cost international money transfers and multi-currency account services for individuals and businesses. The company’s platform is built around converting currencies at or near the mid-market exchange rate while charging transparent, modest fees, and it aims to simplify cross-border payments by reducing the friction and cost traditionally associated with international banking.

Product offerings include a multi-currency account that lets customers hold, convert and spend money in multiple currencies, local bank details in selected currencies, a debit card for everyday spending, and business accounts designed to handle payroll and supplier payments across borders.