WizzFinancial (LON:FIN) Trading 25.9% Higher – Here’s What Happened

WizzFinancial (LON:FINGet Free Report) shares traded up 25.9% during trading on Friday . The company traded as high as GBX 10.88 and last traded at GBX 10.20. 1,266,355 shares changed hands during trading, an increase of 701% from the average session volume of 158,172 shares. The stock had previously closed at GBX 8.10.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of WizzFinancial in a research note on Thursday, June 4th.

Get Our Latest Research Report on WizzFinancial

WizzFinancial Stock Performance

The company has a market cap of £7.18 million, a P/E ratio of 18.55 and a beta of 1.62. The firm has a 50 day moving average of GBX 8.95 and a 200-day moving average of GBX 12.05. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 97.87.

WizzFinancial (LON:FINGet Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported GBX (1.92) earnings per share (EPS) for the quarter. WizzFinancial had a negative return on equity of 43.85% and a negative net margin of 8.95%.The firm had revenue of GBX 1,243 million during the quarter.

Insider Buying and Selling

In related news, insider Bill Newton sold 297,200 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of GBX 9, for a total value of £26,748. Also, insider Andrew Richards acquired 58,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was purchased at an average cost of GBX 9 per share, for a total transaction of £5,220. Over the last 90 days, 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. 14.07% of the stock is owned by company insiders.

About WizzFinancial

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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.

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