Wise (LON:WISE) Trading Down 1% - Should You Sell?

Wise plc (LON:WISE - Get Free Report)'s share price dropped 1% during trading on Wednesday . The company traded as low as GBX 1,008 ($13.28) and last traded at GBX 1,020.19 ($13.44). Approximately 916,221 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 8,922,286 shares. The stock had previously closed at GBX 1,030 ($13.57).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,240 ($16.34) price objective on shares of Wise in a research note on Tuesday, April 15th.

Wise Stock Up 1.4%

The firm's 50-day moving average price is GBX 955.09 and its 200-day moving average price is GBX 969.93. 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 £10.74 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75.

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.