Wise (LON:WISE) Trading Down 9.2% - What's Next?

Wise plc (LON:WISE - Get Free Report) was down 9.2% during mid-day trading on Thursday . The stock traded as low as GBX 1,016 ($13.63) and last traded at GBX 1,028 ($13.79). Approximately 15,984,502 shares changed hands during trading, an increase of 150% from the average daily volume of 6,396,324 shares. The stock had previously closed at GBX 1,132 ($15.18).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,270 ($17.04) price target on shares of Wise in a research note on Thursday.

Wise Trading Down 2.5%

The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The company has a market cap of £10.61 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.28 and a beta of 0.75. The business's 50-day simple moving average is GBX 1,077.59 and its 200-day simple moving average is GBX 1,030.94.

Wise (LON:WISE - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported GBX 40.37 ($0.54) earnings per share (EPS) for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. Research analysts predict that Wise plc will post 37.7347752 earnings per share for the current fiscal year.

Insider Buying and Selling at Wise

In other news, insider Clare Gilmartin sold 48,360 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 1,058 ($14.19), for a total value of £511,648.80 ($686,316.30). Company insiders own 23.65% of the company's stock.

Wise Company Profile

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services.