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

Zigup Plc (LON:ZIG - Get Free Report) shares fell 9.4% during trading 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 were traded 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 Trading Up 2.7%

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

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

Insider Activity at Zigup

In other news, insider Martin Ward bought 14,922 shares of the stock in a transaction on Wednesday, July 9th. The shares were acquired at an average cost of GBX 335 ($4.52) per share, for a total transaction of £49,988.70 ($67,433.83). Also, insider Mark Butcher bought 6,000 shares of the stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of GBX 320 ($4.32) per share, for a total transaction of £19,200 ($25,900.45). Insiders acquired a total of 80,631 shares of company stock worth $26,936,223 over the last quarter. Corporate insiders own 8.85% of the company's stock.

About Zigup

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.