Wise (LON:WISE) Stock Price Down 4.2% – Should You Sell?

Wise plc (LON:WISE) fell 4.2% on Thursday . The company traded as low as GBX 930.50 ($12.00) and last traded at GBX 942.21 ($12.15). 136,370,734 shares traded hands during mid-day trading, an increase of 1,578% from the average session volume of 8,129,017 shares. The stock had previously closed at GBX 984 ($12.69).

Analysts Set New Price Targets

Separately, Citigroup restated a “sell” rating on shares of Wise in a report on Thursday, December 12th.

Wise Stock Performance

The firm has a fifty day simple moving average of GBX 1,006.17 and a 200-day simple moving average of GBX 910.80. The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88. The company has a market cap of £9.07 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75.

About Wise

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.