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

Wizz Air Holdings Plc (LON:WIZZ) traded down 12.8% on Thursday . The company traded as low as GBX 1,152 ($14.28) and last traded at GBX 1,196.48 ($14.83). Approximately 9,834,868 shares changed hands during mid-day trading, an increase of 493% from the average session volume of 1,657,288 shares. The stock had previously closed at GBX 1,372 ($17.00).

Wizz Air Trading Down 0.8 %

The firm has a market capitalization of £1.33 billion, a P/E ratio of 516.47, a PEG ratio of 0.47 and a beta of 2.28. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 4,303.16. The firm has a 50 day moving average of GBX 1,376.03 and a 200-day moving average of GBX 1,425.47.

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.