Wizz Air (LON:WIZZ) Shares Down 27.7% - Here's What Happened

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) fell 27.7% on Friday . The stock traded as low as GBX 1,195 ($16.23) and last traded at GBX 1,209.48 ($16.42). 6,614,458 shares were traded during trading, an increase of 521% from the average session volume of 1,065,937 shares. The stock had previously closed at GBX 1,674 ($22.73).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price target on shares of Wizz Air from GBX 2,300 ($31.23) to GBX 2,400 ($32.59) and gave the stock an "outperform" rating in a report on Friday, March 28th.

Wizz Air Price Performance

The company has a debt-to-equity ratio of 1,582.50, a quick ratio of 0.82 and a current ratio of 0.98. The stock has a market cap of £1.45 billion, a PE ratio of 4.93, a P/E/G ratio of 0.47 and a beta of 2.28. The business has a 50 day moving average price of GBX 1,558.96 and a two-hundred day moving average price of GBX 1,501.23.

Insider Activity

In other news, insider Andrew S. Broderick acquired 595 shares of the stock in a transaction dated Monday, April 14th. The stock was purchased at an average cost of GBX 1,414 ($19.20) per share, with a total value of £8,413.30 ($11,424.90). Company insiders own 25.73% of the company's stock.

Wizz Air Company Profile

Wizz Air, one of the most sustainable European airlines, operates a fleet of over 220 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 62 million passengers in the financial year ending 31 March 2024.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.