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Wizz Air (LON:WIZZ) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Wizz Air logo with Industrials background

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,582.16 ($21.41) and traded as high as GBX 1,632 ($22.08). Wizz Air shares last traded at GBX 1,581 ($21.39), with a volume of 379,573 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price objective on shares of Wizz Air from GBX 2,300 ($31.12) to GBX 2,400 ($32.48) and gave the stock an "outperform" rating in a research note on Friday, March 28th.

Check Out Our Latest Research Report on WIZZ

Wizz Air Trading Down 0.3%

The stock has a market capitalization of £1.94 billion, a P/E ratio of 6.58, a P/E/G ratio of 0.47 and a beta of 2.28. The stock's 50 day moving average price is GBX 1,575.54 and its 200-day moving average price is GBX 1,493.93. The company has a quick ratio of 0.82, a current ratio of 0.98 and a debt-to-equity ratio of 1,582.50.

Insider Activity at Wizz Air

In other Wizz Air news, insider Andrew S. Broderick purchased 595 shares of the company's stock in a transaction dated Monday, April 14th. The shares were acquired at an average price of GBX 1,414 ($19.13) per share, for a total transaction of £8,413.30 ($11,384.71). 25.73% of the stock is owned by corporate insiders.

About Wizz Air

(Get Free Report)

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.

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