WizzFinancial (LON:FIN) Announces Earnings Results

WizzFinancial (LON:FIN) issued its quarterly earnings data on Wednesday. The company reported GBX (2.09) earnings per share (EPS) for the quarter, Digital Look Earnings reports. WizzFinancial had a negative net margin of 8.95% and a negative return on equity of 43.85%.

WizzFinancial Stock Down 5.9%

Shares of LON FIN traded down GBX 0.40 during trading on Wednesday, reaching GBX 6.35. 60,762 shares of the stock were exchanged, compared to its average volume of 188,093. The company has a market capitalization of £4.47 million, a price-to-earnings ratio of -3.31 and a beta of 1.41. WizzFinancial has a twelve month low of GBX 6 and a twelve month high of GBX 18.75. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 97.87. The business’s 50-day moving average price is GBX 10.48 and its 200 day moving average price is GBX 10.40.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of WizzFinancial in a research note on Tuesday, September 1st.

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.