WizzFinancial (LON:FIN) Stock Price Down 36.8% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

WizzFinancial Stock Down 36.8%

The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 97.87. The stock has a market cap of £4.51 million, a P/E ratio of -3.33 and a beta of 1.45. The company’s 50 day moving average price is GBX 11.71 and its two-hundred day moving average price is GBX 10.95.

WizzFinancial (LON:FIN) last announced 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 business had revenue of GBX 1,243 million for the quarter.

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. This segment also provides payroll processing, mobile wallet, bill payment, digital gifting, and consumer advance services.