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

Zigup logo with Industrials background

Zigup Plc (LON:ZIG - Get Free Report)'s stock price fell 9.4% during mid-day trading on Thursday . The stock traded as low as GBX 323 ($4.39) and last traded at GBX 327.50 ($4.45). 2,540,586 shares changed 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 ($4.91).

Zigup Stock Up 0.5%

The stock has a market capitalization of £731.45 million, a PE ratio of 5.88 and a beta of 1.65. The firm has a 50 day moving average price of GBX 345.60 and a 200-day moving average price of GBX 319.15.

Zigup (LON:ZIG - Get Free Report) last announced 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%. Equities analysts expect that Zigup Plc will post 52.8985507 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Martin Ward purchased 14,965 shares of Zigup stock in a transaction that occurred on Wednesday, July 9th. The stock was bought at an average cost of GBX 334 ($4.54) per share, for a total transaction of £49,983.10 ($67,902.59). Also, insider Mark Butcher purchased 6,000 shares of Zigup 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 ($26,083.41). Over the last 90 days, insiders bought 80,631 shares of company stock valued at $26,936,223. Company insiders own 8.85% of the company's stock.

About Zigup

(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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