Wizz Air Holdings Plc (LON:WIZZ - Get Free Report) fell 26.7% during trading on Thursday . The stock traded as low as GBX 1,195 ($16.17) and last traded at GBX 1,227.56 ($16.61). 43,224,250 shares were traded during mid-day trading, an increase of 2,970% from the average session volume of 1,408,084 shares. The stock had previously closed at GBX 1,674 ($22.65).
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada raised their price target on shares of Wizz Air from GBX 2,300 ($31.11) to GBX 2,400 ($32.47) and gave the company an "outperform" rating in a research note on Friday, March 28th.
Read Our Latest Analysis on Wizz Air
Wizz Air Trading Down 1.4%
The firm has a 50-day moving average of GBX 1,558.96 and a 200 day moving average of GBX 1,501.23. 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 market capitalization of £1.46 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 0.47 and a beta of 2.28.
Insider Transactions at Wizz Air
In related news, insider Andrew S. Broderick purchased 595 shares of the company's stock in a transaction on Monday, April 14th. The shares were bought at an average cost of GBX 1,414 ($19.13) per share, for a total transaction of £8,413.30 ($11,381.63). Company insiders own 25.73% of the company's stock.
Wizz Air Company Profile
(
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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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