Wise (LON:WISE) Trading Down 1% - Here's What Happened

Wise plc (LON:WISE - Get Free Report)'s share price traded down 1% on Wednesday . The stock traded as low as GBX 1,008 ($13.41) and last traded at GBX 1,020.19 ($13.57). 916,221 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 8,922,286 shares. The stock had previously closed at GBX 1,030 ($13.70).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,240 ($16.50) target price on shares of Wise in a report on Tuesday, April 15th.

Wise Trading Up 0.5 %

The firm has a market capitalization of £10.59 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88. The firm's 50 day moving average is GBX 953.59 and its 200 day moving average is GBX 966.32.

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.