WizzFinancial (LON:FIN) Stock Price Down 7.7%

WizzFinancial (LON:FIN) was down 7.7% on Tuesday . The company traded as low as GBX 37.22 ($0.49) and last traded at GBX 38.77 ($0.51). Approximately 207,237 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 215,695 shares. The stock had previously closed at GBX 42 ($0.55).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of WizzFinancial in a research report on Tuesday.

WizzFinancial Stock Performance

The firm’s 50-day moving average price is GBX 36.80 and its 200 day moving average price is GBX 14.77. The company has a debt-to-equity ratio of 179.97, a quick ratio of 1.02 and a current ratio of 1.52. The company has a market cap of £22.14 million, a price-to-earnings ratio of 1,000.00 and a beta of 1.63.

Insider Activity at WizzFinancial

In related news, insider Bill Newton sold 238,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of GBX 39 ($0.51), for a total transaction of £92,820 ($121,380.93). Corporate insiders own 73.00% 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.