Wizz Air (LON:WIZZ) Trading 7.6% Higher – Here’s Why

Wizz Air Holdings Plc (LON:WIZZ) shares were up 7.6% on Thursday . The stock traded as high as GBX 1,745.74 ($21.73) and last traded at GBX 1,713 ($21.32). 8,589,648 shares traded hands during mid-day trading, an increase of 503% from the average daily volume of 1,423,910 shares. The stock had previously closed at GBX 1,592 ($19.82).

Wizz Air Stock Up 5.4 %

The company’s fifty day simple moving average is GBX 1,390.73 and its 200-day simple moving average is GBX 1,380.18. The company has a debt-to-equity ratio of 4,303.16, a current ratio of 0.89 and a quick ratio of 0.82. The firm has a market capitalization of £1.73 billion, a PE ratio of 673.90, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28.

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.