WizzFinancial (LON:FIN) Stock Price Down 36.8% – Here’s What Happened

WizzFinancial (LON:FIN) fell 36.8% on Tuesday . The company traded as low as GBX 6.25 and last traded at GBX 6.40. Approximately 2,218,911 shares traded hands during mid-day trading, an increase of 1,258% from the average daily volume of 163,441 shares. The stock had previously closed at GBX 10.13.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of WizzFinancial in a research note on Tuesday.

WizzFinancial Trading Down 36.8%

The stock has a 50-day simple moving average of GBX 11.71 and a two-hundred day simple moving average of GBX 10.95. The company has a debt-to-equity ratio of 97.87, a quick ratio of 1.02 and a current ratio of 1.48. The firm has a market cap of £4.51 million, a PE ratio of -3.33 and a beta of 1.45.

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

WizzFinancial Company Profile

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.