WizzFinancial (LON:FIN) Trading Down 14.8% – Here’s What Happened

WizzFinancial (LON:FIN) traded down 14.8% on Tuesday . The stock traded as low as GBX 8.52 and last traded at GBX 8.52. 290,466 shares changed hands during trading, an increase of 170% from the average session volume of 107,529 shares. The stock had previously closed at GBX 10.

Wall Street Analyst Weigh In

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

WizzFinancial Stock Down 15.0%

The stock has a fifty day moving average price of GBX 12.41 and a 200 day moving average price of GBX 13.77. The company has a debt-to-equity ratio of 89.79, a current ratio of 1.66 and a quick ratio of 1.02. The stock has a market capitalization of £5.06 million, a P/E ratio of 15.45 and a beta of 1.62.

Insider Buying and Selling

In related news, insider Simon Bullock purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was purchased at an average cost of GBX 9 per share, with a total value of £4,500. Also, insider Gareth Maitland Edwards purchased 115,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was bought at an average cost of GBX 9 per share, with a total value of £10,350. Insiders bought 283,000 shares of company stock valued at $2,547,000 over the last three months. Insiders own 16.28% of the company’s stock.

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.