WizzFinancial (LON:FIN) Trading Down 8.4% – What’s Next?

WizzFinancial (LON:FIN) shares dropped 8.4% during mid-day trading on Tuesday . The stock traded as low as GBX 13.06 and last traded at GBX 13.06. Approximately 131,678 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 142,127 shares. The stock had previously closed at GBX 14.25.

Analyst Upgrades and Downgrades

Separately, Shore Capital started coverage on WizzFinancial in a research report on Thursday, November 13th. They set a “house stock” rating for the company.

WizzFinancial Stock Down 8.4%

The firm’s fifty day moving average price is GBX 14.48 and its 200-day moving average price is GBX 17.99. The company has a market capitalization of £7.71 million, a price-to-earnings ratio of 23.74 and a beta of 1.62. The company has a debt-to-equity ratio of 107.77, a current ratio of 1.86 and a quick ratio of 1.02.

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.