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

WizzFinancial (LON:FIN) traded down 4.3% during mid-day trading on Thursday . The stock traded as low as GBX 7.85 and last traded at GBX 8.38. 1,029,715 shares changed hands during mid-day trading, an increase of 630% from the average session volume of 141,003 shares. The stock had previously closed at GBX 8.75.

Analysts Set New Price Targets

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

WizzFinancial Trading Down 4.3%

The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 89.79. The firm has a market cap of £5.90 million, a P/E ratio of 15.23 and a beta of 1.62. The company’s 50 day simple moving average is GBX 10.13 and its 200-day simple moving average is GBX 12.93.

Insiders Place Their Bets

In other news, insider Gareth Maitland Edwards sold 282,063 shares of WizzFinancial stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of GBX 8, for a total transaction of £22,565.04. Also, insider James Hickman purchased 60,000 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were bought at an average cost of GBX 9 per share, with a total value of £5,400. Over the last quarter, insiders have purchased 497,000 shares of company stock valued at $4,473,000 and have sold 721,921 shares valued at $6,215,226. 16.28% of the stock is currently owned by company insiders.

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.