Wise (OTCMKTS:WPLCF) Stock Price Down 1.1% – Time to Sell?

Wise plc (OTCMKTS:WPLCF)’s stock price dropped 1.1% during mid-day trading on Thursday . The company traded as low as $13.00 and last traded at $13.20. Approximately 49,622 shares were traded during trading, an increase of 44% from the average daily volume of 34,544 shares. The stock had previously closed at $13.35.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WPLCF. Santander initiated coverage on Wise in a research report on Friday, December 5th. They issued an “outperform” rating on the stock. Cantor Fitzgerald upgraded shares of Wise to an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Wise Stock Down 1.1%

The business has a fifty day simple moving average of $11.82 and a 200-day simple moving average of $13.23.

About Wise

Wise (OTCMKTS: WPLCF), formerly known as TransferWise, is a global financial technology company specializing in cross-border money transfers and multi-currency accounts. The company offers individuals and businesses a transparent alternative to traditional banking by leveraging the mid-market exchange rate and charging a low, upfront fee. Its platform enables users to send and receive funds in multiple currencies, often at a fraction of the cost of incumbent banks and wire services.

Wise’s core product suite includes personal and business accounts that support a borderless wallet capable of holding and converting more than 50 currencies.