Shares of Zegona Communications plc (LON:ZEG - Get Free Report) fell 1.4% during mid-day trading on Wednesday . The company traded as low as GBX 716 ($9.83) and last traded at GBX 722 ($9.91). 155,447 shares traded hands during trading, a decline of 70% from the average session volume of 514,971 shares. The stock had previously closed at GBX 732 ($10.05).
Zegona Communications Stock Down 3.4%
The stock's 50-day moving average is GBX 693.80 and its 200-day moving average is GBX 576.22. The firm has a market cap of £6.38 billion, a P/E ratio of -57.05 and a beta of 2.80.
Zegona Communications Company Profile
(
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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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