Wizz Air (LON:WIZZ) Trading Down 27.9% - Here's What Happened

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report)'s stock price traded down 27.9% during mid-day trading on Thursday . The company traded as low as GBX 1,195 ($16.17) and last traded at GBX 1,207 ($16.33). 6,565,306 shares changed hands during mid-day trading, an increase of 516% from the average session volume of 1,065,477 shares. The stock had previously closed at GBX 1,674 ($22.65).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price objective on Wizz Air from GBX 2,300 ($31.11) to GBX 2,400 ($32.47) and gave the stock an "outperform" rating in a research note on Friday, March 28th.

Wizz Air Trading Down 1.4%

The company has a current ratio of 0.98, a quick ratio of 0.82 and a debt-to-equity ratio of 1,582.50. The stock has a 50 day simple moving average of GBX 1,558.96 and a 200-day simple moving average of GBX 1,501.23. The firm has a market cap of £1.46 billion, a P/E ratio of 4.96, a P/E/G ratio of 0.47 and a beta of 2.28.

Insiders Place Their Bets

In related news, insider Andrew S. Broderick bought 595 shares of the company's stock in a transaction dated Monday, April 14th. The stock was purchased at an average price of GBX 1,414 ($19.13) per share, for a total transaction of £8,413.30 ($11,381.63). Corporate 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.