WizzFinancial (LON:FIN) Trading Down 8.1% After Insider Selling

WizzFinancial (LON:FIN)’s share price was down 8.1% during trading on Monday after an insider sold shares in the company. The stock traded as low as GBX 8 and last traded at GBX 8.27. Approximately 242,431 shares were traded during mid-day trading, an increase of 90% from the average daily volume of 127,734 shares. The stock had previously closed at GBX 9.

Specifically, insider Gareth Maitland Edwards sold 282,063 shares of WizzFinancial stock in a transaction on Thursday, April 16th. The shares were sold at an average price of GBX 8, for a total value of £22,565.04.

Wall Street Analyst Weigh In

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

WizzFinancial Stock Down 8.1%

The stock has a 50 day simple moving average of GBX 11.83 and a 200-day simple moving average of GBX 13.56. The firm has a market cap of £4.93 million, a PE ratio of 15.04 and a beta of 1.62. The company has a debt-to-equity ratio of 89.79, a current ratio of 1.66 and a quick ratio of 1.02.

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.