Shares of Wise plc (LON:WISE - Get Free Report) fell 9.2% on Thursday . The company traded as low as GBX 1,016 ($13.64) and last traded at GBX 1,028 ($13.80). 15,984,502 shares changed hands during mid-day trading, an increase of 150% from the average session volume of 6,396,324 shares. The stock had previously closed at GBX 1,132 ($15.20).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,270 ($17.05) price objective on shares of Wise in a report on Thursday.
Read Our Latest Research Report on Wise
Wise Stock Performance
The stock has a market capitalization of £10.61 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The firm has a fifty day moving average of GBX 1,077.55 and a 200 day moving average of GBX 1,031.54. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06.
Wise (LON:WISE - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported GBX 40.37 ($0.54) EPS for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. On average, sell-side analysts anticipate that Wise plc will post 37.7347752 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Wise news, insider Clare Gilmartin sold 48,360 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of GBX 1,058 ($14.21), for a total transaction of £511,648.80 ($687,053.58). 23.65% of the stock is currently owned by company insiders.
Wise Company Profile
(
Get Free Report)
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.
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