WizzFinancial (LON:FIN) Shares Up 1.7% – Time to Buy?

WizzFinancial (LON:FIN) shot up 1.7% during mid-day trading on Thursday . The stock traded as high as GBX 9.40 and last traded at GBX 8.75. 83,249 shares changed hands during trading, a decline of 39% from the average session volume of 136,199 shares. The stock had previously closed at GBX 8.60.

Analyst Ratings Changes

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

WizzFinancial Price Performance

The company has a debt-to-equity ratio of 89.79, a quick ratio of 1.02 and a current ratio of 1.66. The firm’s fifty day simple moving average is GBX 9.29 and its 200 day simple moving average is GBX 12.50. The firm has a market cap of £6.33 million, a P/E ratio of 16.35 and a beta of 1.62.

Insiders Place Their Bets

In other news, insider Gareth Maitland Edwards sold 282,063 shares of WizzFinancial stock in a transaction on Thursday, April 16th. The stock was sold at an average price of GBX 8, for a total transaction of £22,565.04. Also, insider James Hickman bought 60,000 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were acquired at an average price of GBX 9 per share, with a total value of £5,400. Over the last quarter, insiders have purchased 497,000 shares of company stock valued at $4,473,000 and have sold 721,921 shares valued at $6,215,226. 16.28% of the stock is currently owned by company insiders.

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.