Wizz Air (LON:WIZZ) Stock Passes Below 200 Day Moving Average - Here's Why

Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,423.78 ($18.19) and traded as low as GBX 1,332 ($17.02). Wizz Air shares last traded at GBX 1,377.57 ($17.60), with a volume of 15,265,884 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price target on shares of Wizz Air from GBX 2,300 ($29.39) to GBX 2,400 ($30.67) and gave the stock an "outperform" rating in a research note on Friday, March 28th.

Wizz Air Trading Down 0.6 %

The business has a 50 day moving average of GBX 1,565.55 and a 200 day moving average of GBX 1,430.54. The company has a debt-to-equity ratio of 1,582.50, a current ratio of 0.98 and a quick ratio of 0.82. The firm has a market capitalization of £1.77 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.47 and a beta of 2.28.

About Wizz Air

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.