Wise (OTCMKTS:WPLCF) Shares Up 2.1% – Time to Buy?

Wise plc (OTCMKTS:WPLCF) shares were up 2.1% during mid-day trading on Friday . The company traded as high as $12.00 and last traded at $12.00. Approximately 5,027 shares changed hands during trading, a decline of 82% from the average daily volume of 28,446 shares. The stock had previously closed at $11.75.

Wall Street Analysts Forecast Growth

WPLCF has been the subject of a number of recent research reports. Santander began coverage on shares of Wise in a research note on Friday, December 5th. They set an “outperform” rating for the company. Cantor Fitzgerald upgraded Wise to an “overweight” rating in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Wise Price Performance

The stock has a 50-day moving average price of $12.14 and a 200 day moving average price of $13.05.

Wise Company Profile

Wise (OTCMKTS: WPLCF), formerly known as TransferWise, is a global financial technology company specializing in cross-border money transfers and multi-currency accounts. The company offers individuals and businesses a transparent alternative to traditional banking by leveraging the mid-market exchange rate and charging a low, upfront fee. Its platform enables users to send and receive funds in multiple currencies, often at a fraction of the cost of incumbent banks and wire services.

Wise’s core product suite includes personal and business accounts that support a borderless wallet capable of holding and converting more than 50 currencies.