Zigup (LON:ZIG) Shares Down 10.1% - Here's What Happened

Zigup Plc (LON:ZIG - Get Free Report) shares traded down 10.1% on Wednesday . The company traded as low as GBX 323.50 ($4.39) and last traded at GBX 325 ($4.42). 1,641,606 shares were traded during mid-day trading, an increase of 166% from the average session volume of 616,889 shares. The stock had previously closed at GBX 361.50 ($4.91).

Zigup Trading Up 0.5%

The company has a 50 day simple moving average of GBX 345.81 and a 200-day simple moving average of GBX 319.23. The stock has a market cap of £731.45 million, a price-to-earnings ratio of 5.88 and a beta of 1.65.

Zigup (LON:ZIG - Get Free Report) last announced its earnings results on Wednesday, July 9th. The company reported GBX 58.40 ($0.79) EPS for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.09%. Equities analysts forecast that Zigup Plc will post 52.8985507 earnings per share for the current fiscal year.

Insider Buying and Selling at Zigup

In other Zigup news, insider Mark Butcher purchased 6,000 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of GBX 320 ($4.35) per share, for a total transaction of £19,200 ($26,083.41). Also, insider Martin Ward bought 14,965 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was purchased at an average price of GBX 334 ($4.54) per share, for a total transaction of £49,983.10 ($67,902.59). Over the last three months, insiders have purchased 80,631 shares of company stock worth $26,936,223. 8.85% of the stock is owned by insiders.

Zigup Company Profile

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.