WizzFinancial (LON:FIN) Trading 10% Higher – Time to Buy?

WizzFinancial (LON:FIN) shot up 10% during mid-day trading on Wednesday . The company traded as high as GBX 16.50 ($0.22) and last traded at GBX 16.50 ($0.22). 300,482 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 291,116 shares. The stock had previously closed at GBX 15 ($0.20).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of WizzFinancial in a research report on Wednesday, September 10th.

WizzFinancial Stock Up 3.4%

The stock has a 50-day moving average price of GBX 22.38 and a 200-day moving average price of GBX 28.83. The company has a market capitalization of £9.29 million, a P/E ratio of 965.30 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.

WizzFinancial (LON:FIN) last released its earnings results on Wednesday, September 10th. The company reported GBX (0.37) earnings per share for the quarter. WizzFinancial had a net margin of 22.96% and a return on equity of 129.74%.

Insider Activity

In other WizzFinancial news, insider Judy Amanda Happe acquired 12,500 shares of the stock in a transaction dated Wednesday, September 24th. The stock was purchased at an average cost of GBX 16 per share, with a total value of £2,000. Also, insider Gareth Maitland Edwards sold 100,000 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of GBX 15, for a total value of £15,000. Insiders acquired 117,500 shares of company stock worth $1,855,000 over the last ninety days. Corporate insiders own 16.59% of the company’s stock.

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.