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

WizzFinancial (LON:FIN)’s share price was 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 traded hands 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 dated Thursday, April 16th. The shares were sold at an average price of GBX 8, for a total transaction of £22,565.04.

Analyst Ratings Changes

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

WizzFinancial Stock Down 8.1%

The company’s 50 day simple moving average is GBX 11.83 and its 200-day simple moving average is GBX 13.56. The firm has a market capitalization of £4.93 million, a PE ratio of 15.04 and a beta of 1.62. The company has a debt-to-equity ratio of 89.79, a quick ratio of 1.02 and a current ratio of 1.66.

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.