WizzFinancial (LON:FIN) Stock Price Up 25.9% – Should You Buy?

Shares of WizzFinancial (LON:FIN) were up 25.9% on Friday . The stock traded as high as GBX 10.88 and last traded at GBX 10.20. Approximately 1,266,355 shares traded hands during trading, an increase of 701% from the average daily volume of 158,172 shares. The stock had previously closed at GBX 8.10.

Wall Street Analysts Forecast Growth

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

WizzFinancial Price Performance

The stock has a 50-day simple moving average of GBX 8.94 and a 200 day simple moving average of GBX 12.06. The company has a market cap of £7.18 million, a PE ratio of 18.55 and a beta of 1.62. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 97.87.

WizzFinancial (LON:FIN) last released its quarterly 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 company had revenue of GBX 1,243 million during the quarter.

Insider Transactions at WizzFinancial

In related news, insider James Hickman bought 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was purchased at an average price of GBX 9 per share, for a total transaction of £5,400. Also, insider Bill Newton sold 297,200 shares of WizzFinancial stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of GBX 9, for a total transaction of £26,748. In the last three months, insiders have acquired 497,000 shares of company stock worth $4,473,000 and have sold 721,921 shares worth $6,215,226. Company insiders own 14.07% of the company’s stock.

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.