Wizz Air (OTCMKTS:WZZZY) Trading 5.7% Higher – Still a Buy?

Shares of Wizz Air Holdings Plc (OTCMKTS:WZZZY) traded up 5.7% during mid-day trading on Monday . The stock traded as high as $3.4488 and last traded at $3.17. 2,538 shares were traded during mid-day trading, an increase of 262% from the average session volume of 702 shares. The stock had previously closed at $3.00.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WZZZY shares. Citigroup raised Wizz Air from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Zacks Research raised Wizz Air to a “hold” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Wizz Air presently has an average rating of “Hold”.

Wizz Air Stock Performance

The firm has a fifty day moving average price of $3.92 and a two-hundred day moving average price of $4.01.

About Wizz Air

Wizz Air Holdings plc, trading on the OTC market under the symbol WZZZY, is a Hungary-based low-cost airline group headquartered in Budapest. The company provides scheduled passenger air transportation using a single-aisle Airbus fleet, operating under a no-frills model that offers basic fares with optional ancillary services. Wizz Air focuses on cost-efficient operations through high aircraft utilization, direct sales channels and streamlined ground handling processes.

The airline operates a fleet composed primarily of Airbus A320 and A321 aircraft, serving more than 170 destinations across Central, Eastern and Western Europe, as well as select markets in the Middle East and North Africa.