Wise (LON:WISE) Stock Price Down 0.3% – Here’s Why

Wise plc (LON:WISE) dropped 0.3% on Tuesday . The company traded as low as GBX 1,076 ($13.57) and last traded at GBX 1,088 ($13.73). Approximately 912,183 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 5,083,237 shares. The stock had previously closed at GBX 1,091 ($13.76).

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup reaffirmed a “sell” rating on shares of Wise in a research note on Thursday, December 12th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,045 ($13.18) target price on shares of Wise in a report on Thursday, November 7th.

Wise Trading Up 1.8 %

The business has a 50-day moving average of GBX 1,062.58 and a two-hundred day moving average of GBX 848.90. The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88. The firm has a market capitalization of £11.29 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 1.28 and a beta of 0.75.

About Wise

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services.