Wizz Air (LON:WIZZ) Trading Down 12.8% – Here’s Why

Wizz Air Holdings Plc (LON:WIZZ) was down 12.8% during trading on Thursday . The stock traded as low as GBX 1,152 ($14.34) and last traded at GBX 1,196.48 ($14.90). Approximately 9,834,868 shares were traded during mid-day trading, an increase of 493% from the average daily volume of 1,657,288 shares. The stock had previously closed at GBX 1,372 ($17.08).

Wizz Air Stock Down 12.2 %

The firm has a fifty day simple moving average of GBX 1,376.43 and a 200-day simple moving average of GBX 1,436.04. The firm has a market cap of £1.25 billion, a price-to-earnings ratio of 483.86, a P/E/G ratio of 0.47 and a beta of 2.28. The company has a debt-to-equity ratio of 4,303.16, a quick ratio of 0.82 and a current ratio of 0.89.

Wizz Air Company Profile

Wizz Air, one of the most sustainable European airlines, operates a fleet of over 200 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.