WizzFinancial (LON:FIN) Trading Down 8.1% on Insider Selling

Shares of WizzFinancial (LON:FIN) were down 8.1% during trading on Monday following insider selling activity. The stock traded as low as GBX 8 and last traded at GBX 8.27. Approximately 242,431 shares were traded during mid-day trading, an increase of 90% from the average daily volume of 127,734 shares. The stock had previously closed at GBX 9.

Specifically, insider Gareth Maitland Edwards sold 282,063 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of GBX 8, for a total value of £22,565.04.

Wall Street Analyst Weigh In

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

WizzFinancial Price Performance

The company has a 50 day moving average of GBX 11.71 and a 200-day moving average of GBX 13.52. The firm has a market capitalization of £5.03 million, a P/E ratio of 15.35 and a beta of 1.62. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 89.79.

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.