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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 share price dropped 9.4% during trading on Wednesday . The stock traded as low as GBX 323 ($4.39) and last traded at GBX 327.50 ($4.45). Approximately 2,540,586 shares were traded during mid-day trading, an increase of 307% from the average daily volume of 623,751 shares. The stock had previously closed at GBX 361.50 ($4.91).

Zigup Price Performance

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

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 (EPS) for the quarter. Zigup had a return on equity of 12.09% and a net margin of 6.82%. Sell-side analysts anticipate that Zigup Plc will post 52.8985507 earnings per share for the current fiscal year.

Insider Transactions at Zigup

In related news, insider Martin Ward acquired 14,965 shares of the stock in a transaction dated 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 ($67,930.28). Also, insider Mark Butcher acquired 6,000 shares of the stock in a transaction dated 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). Insiders have bought 80,631 shares of company stock valued at $26,936,223 over the last 90 days. 8.85% of the stock is owned by corporate insiders.

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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