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

Zigup Plc (LON:ZIG - Get Free Report) shares traded down 10.1% on Wednesday . The stock traded as low as GBX 323.50 ($4.36) and last traded at GBX 325 ($4.38). 1,641,606 shares were traded during trading, an increase of 166% from the average session volume of 616,889 shares. The stock had previously closed at GBX 361.50 ($4.88).

Zigup Price Performance

The stock's fifty day simple moving average is GBX 346.19 and its 200-day simple moving average is GBX 319.31. The stock has a market cap of £751.46 million, a P/E ratio of 6.04 and a beta of 1.65.

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

Insider Activity

In other Zigup news, insider Mark Butcher bought 6,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of GBX 320 ($4.32) per share, for a total transaction of £19,200 ($25,900.45). Also, insider Martin Ward bought 14,965 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were acquired at an average cost of GBX 334 ($4.51) per share, for a total transaction of £49,983.10 ($67,426.28). In the last 90 days, insiders acquired 80,631 shares of company stock valued at $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.