WizzFinancial (LON:FIN) Shares Up 0.2% – Time to Buy?

Shares of WizzFinancial (LON:FIN) shot up 0.2% during mid-day trading on Wednesday . The company traded as high as GBX 13.27 and last traded at GBX 13.27. Approximately 50,825 shares changed hands during trading, a decline of 70% from the average session volume of 171,320 shares. The stock had previously closed at GBX 13.25.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of WizzFinancial in a research note on Thursday, June 4th.

WizzFinancial Trading Up 0.2%

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 capitalization of £9.35 million, a P/E ratio of -6.91 and a beta of 1.45. The business’s fifty day simple moving average is GBX 10.10 and its two-hundred day simple moving average is GBX 11.79.

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

Insider Buying and Selling at WizzFinancial

In other news, insider Simon Bullock purchased 50,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was purchased at an average price of GBX 9 per share, with a total value of £4,500. Also, insider Bill Newton sold 297,200 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of GBX 9, for a total value of £26,748. Over the last quarter, insiders acquired 497,000 shares of company stock valued at $4,473,000 and sold 721,921 shares valued at $6,215,226. 14.15% of the stock is owned by corporate insiders.

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.