Zigup (LON:ZIG) Shares Down 10.1% - Time to Sell?

Zigup Plc (LON:ZIG - Get Free Report)'s stock price was down 10.1% during mid-day trading 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 traded 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 Stock Down 9.4%

The business has a fifty day simple moving average of GBX 345.30 and a two-hundred day simple moving average of GBX 319.09. The company has a market cap of £728.11 million, a P/E ratio of 5.85 and a beta of 1.65.

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

Insider Buying and Selling at Zigup

In other news, insider Mark Butcher acquired 6,000 shares of the company's stock in a transaction 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 ($26,101.14). Also, insider Martin Ward acquired 14,965 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were purchased at an average cost of GBX 334 ($4.54) per share, for a total transaction of £49,983.10 ($67,948.75). In the last quarter, insiders have bought 80,631 shares of company stock worth $26,936,223. 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.

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