WizzFinancial (LON:FIN) Stock Price Down 6.7% – Here’s Why

WizzFinancial (LON:FIN) fell 6.7% during mid-day trading on Wednesday . The stock traded as low as GBX 10.50 and last traded at GBX 10.50. Approximately 914 shares traded hands during trading, a decline of 99% from the average session volume of 153,867 shares. The stock had previously closed at GBX 11.25.

Wall Street Analysts Forecast Growth

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

WizzFinancial Trading Down 6.7%

The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 97.87. The company has a market cap of £7.40 million, a PE ratio of -5.47 and a beta of 1.45. The business’s 50-day simple moving average is GBX 11.79 and its 200-day simple moving average is GBX 11.20.

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

About WizzFinancial

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.