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

Zigup Plc (LON:ZIG - Get Free Report)'s stock price dropped 10.1% on Wednesday . The company traded as low as GBX 323.50 ($4.40) and last traded at GBX 325 ($4.42). Approximately 1,641,606 shares changed hands during trading, an increase of 166% from the average daily volume of 616,889 shares. The stock had previously closed at GBX 361.50 ($4.91).

Zigup Trading Up 0.6%

The stock's 50 day moving average price is GBX 345.60 and its two-hundred day moving average price is GBX 319.15. The firm has a market capitalization of £732.42 million, a price-to-earnings ratio of 5.89 and a beta of 1.65.

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

Insider Buying and Selling

In related news, insider Martin Ward acquired 14,965 shares of the company's stock in a transaction that occurred on 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 ($67,930.28). Also, insider Mark Butcher acquired 6,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of GBX 320 ($4.35) per share, with a total value of £19,200 ($26,094.05). Over the last three months, insiders have bought 80,631 shares of company stock valued at $26,936,223. Corporate insiders own 8.85% of the company's stock.

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.