Zigup (LON:ZIG) Reaches New 12-Month High - Should You Buy?

Key Points

• Shares of Zigup (LON:ZIG) hit a new 52-week high, trading as high as GBX 421 and last at GBX 404.50 on a volume of 217,706 shares, though the stock was about 0.4% lower intraday.
• The stock has a market capitalization of £913.63 million, a P/E ratio of 10.79 and a beta of 1.11, with 50-day and 200-day moving averages at GBX 392.50 and GBX 368.48 respectively.
• Zigup (formerly Redde Northgate) is an integrated mobility solutions provider offering vehicle rental, fleet and accident management, repairs, maintenance and EV charging/transition services to businesses, insurers and OEMs.

Shares of Zigup Plc (LON:ZIG - ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 421 and last traded at GBX 404.50, with a volume of 217706 shares traded. The stock had previously closed at GBX 403.

Zigup Trading Down 0.4%

The stock has a market capitalization of £913.63 million, a price-to-earnings ratio of 10.79 and a beta of 1.11. The stock has a 50-day moving average price of GBX 392.50 and a 200 day moving average price of GBX 368.48.

About Zigup

ZIGUP (formerly Redde Northgate plc) is the leading integrated mobility solutions provider, with a platform providing services across the vehicle lifecycle to help people keep on the move, smarter. The Company offers mobility solutions to businesses, fleet operators, insurers, OEMs and other customers across a broad range of areas from vehicle rental and fleet management to accident management, vehicle repairs, service and maintenance. The mobility landscape is changing, becoming ever more connected and ZIGUP uses its knowledge and expertise to guide customers through the transformation, whether that is more digitally connected solutions or supporting the transition to lower carbon mobility through providing EVs, charging solutions and consultancy. The Company's core purpose is to keep its customers mobile, smarter - through meeting their regular mobility needs or by servicing and supporting them when unforeseen events occur.

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