Wizz Air (OTCMKTS:WZZZY) Trading 22% Higher – Still a Buy?

Shares of Wizz Air Holdings Plc (OTCMKTS:WZZZY) traded up 22% on Friday . The company traded as high as $3.66 and last traded at $3.66. 1,100 shares were traded during mid-day trading, an increase of 56% from the average session volume of 707 shares. The stock had previously closed at $3.00.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein lowered shares of Wizz Air from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Zacks Research raised shares of Wizz Air to a “hold” rating in a report on Tuesday, February 3rd. Finally, Citigroup raised shares of Wizz Air from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Wizz Air Stock Performance

The firm has a 50-day moving average price of $3.26 and a two-hundred day moving average price of $3.92.

Wizz Air Company Profile

Wizz Air Holdings plc, trading on the OTC market under the symbol WZZZY, is a Hungary-based low-cost airline group headquartered in Budapest. The company provides scheduled passenger air transportation using a single-aisle Airbus fleet, operating under a no-frills model that offers basic fares with optional ancillary services. Wizz Air focuses on cost-efficient operations through high aircraft utilization, direct sales channels and streamlined ground handling processes.

The airline operates a fleet composed primarily of Airbus A320 and A321 aircraft, serving more than 170 destinations across Central, Eastern and Western Europe, as well as select markets in the Middle East and North Africa.