WIRECARD AG/ADR (WCAGY) Downgraded by Citigroup to Sell

WIRECARD AG/ADR (OTCMKTS:WCAGY) was downgraded by Citigroup from a “neutral” rating to a “sell” rating in a note issued to investors on Friday, The Fly reports.

Shares of OTCMKTS WCAGY opened at $62.55 on Friday. WIRECARD AG/ADR has a 1-year low of $50.70 and a 1-year high of $113.85. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 41.87 and a beta of 0.80. The company has a quick ratio of 1.62, a current ratio of 1.63 and a debt-to-equity ratio of 0.65.

WIRECARD AG/ADR Company Profile

Wirecard AG, a technology company, provides outsourcing and white label solutions for electronic payment transactions worldwide. The company operates through three segments: Payment Processing & Risk Management, Acquiring & Issuing, and Call Center & Communication Services. The Payment Processing & Risk Management segment provides products and service for the acceptance or transactions, and the processing of electronic payments and associated processes.

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The Fly

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