Zegona Communications plc (LON:ZEG - Get Free Report)'s share price fell 10% on Tuesday . The company traded as low as GBX 574 ($7.72) and last traded at GBX 664 ($8.93). 2,733,301 shares were traded during mid-day trading, an increase of 391% from the average session volume of 556,508 shares. The stock had previously closed at GBX 738 ($9.93).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 825 ($11.10) price objective on shares of Zegona Communications in a research report on Tuesday, February 25th.
Get Our Latest Stock Report on Zegona Communications
Zegona Communications Stock Performance
The firm's 50-day moving average is GBX 656.17 and its two-hundred day moving average is GBX 522.48. The stock has a market cap of £6.40 billion, a P/E ratio of -57.21 and a beta of 2.80.
About Zegona Communications
(
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Zegona is a British company investing strategically across the Europe with the objective of acquiring businesses in the European TMT sector, using a "Buy-Fix-Sell" strategy to deliver attractive shareholder returns.
The first acquisition made by Zegona was of Asturian telecommunications operator Telecable in 2015.
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