Wise (LON:WISE) Trading Down 0.3% – Time to Sell?

Shares of Wise plc (LON:WISE) fell 0.3% during trading on Thursday . The company traded as low as GBX 697 ($9.04) and last traded at GBX 706 ($9.16). 1,390,704 shares were traded during mid-day trading, a decline of 58% from the average session volume of 3,327,049 shares. The stock had previously closed at GBX 708 ($9.18).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,045 ($13.55) price target on shares of Wise in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 952.75 ($12.36).

Wise Stock Down 0.3 %

The stock’s fifty day moving average price is GBX 676.46 and its 200-day moving average price is GBX 729.39. The company has a market capitalization of £7.20 billion, a price-to-earnings ratio of 2,076.47, a P/E/G ratio of 1.28 and a beta of 0.75. The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88.

Insider Buying and Selling at Wise

In related news, insider Terri Duhon bought 1,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of GBX 717 ($9.30) per share, for a total transaction of £9,994.98 ($12,961.98). Company insiders own 23.65% of the company’s stock.

Wise Company Profile

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services.