Wise (OTCMKTS:WPLCF) Shares Up 2.1% – Time to Buy?

Wise plc (OTCMKTS:WPLCF) shares shot up 2.1% during mid-day trading on Friday . The stock traded as high as $12.00 and last traded at $12.00. 5,027 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 28,446 shares. The stock had previously closed at $11.75.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WPLCF. Santander initiated coverage on shares of Wise in a report on Friday, December 5th. They issued an “outperform” rating on the stock. Cantor Fitzgerald raised Wise to an “overweight” rating in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Wise currently has a consensus rating of “Moderate Buy”.

Wise Price Performance

The firm has a fifty day moving average of $12.14 and a 200-day moving average of $13.05.

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.