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Zigup (LON:ZIG) Stock Price Down 9.4% - Here's What Happened

Zigup logo with Industrials background

Zigup Plc (LON:ZIG - Get Free Report)'s share price fell 9.4% on Wednesday . The stock traded as low as GBX 323 ($4.36) and last traded at GBX 327.50 ($4.42). 2,540,586 shares traded hands during mid-day trading, an increase of 307% from the average session volume of 623,751 shares. The stock had previously closed at GBX 361.50 ($4.88).

Zigup Stock Up 2.7%

The company has a market capitalization of £751.46 million, a PE ratio of 6.04 and a beta of 1.65. The firm has a 50-day moving average of GBX 346.19 and a two-hundred day moving average of GBX 319.33.

Zigup (LON:ZIG - Get Free Report) last issued 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 return on equity of 12.09% and a net margin of 6.82%. On average, equities research analysts expect that Zigup Plc will post 52.8985507 EPS for the current year.

Insider Activity at Zigup

In other news, insider Mark Butcher purchased 6,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were bought 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 purchased 14,965 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were purchased at an average price of GBX 334 ($4.51) per share, for a total transaction of £49,983.10 ($67,426.28). Insiders purchased 80,631 shares of company stock valued at $26,936,223 over the last quarter. 8.85% of the stock is currently owned by company insiders.

Zigup Company Profile

(Get Free Report)

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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