Zigup (LON:ZIG) Shares Up 0.5% - Here's What Happened

Key Points

• Zigup Plc's shares gained 0.5%, trading at GBX 314.50 ($4.21) with a total trading volume of 176,501 shares, significantly lower than its average of 625,283 shares.
• The company reported GBX 58.40 earnings per share and expects an average of 52.90 EPS for the current fiscal year, indicating a strong financial outlook.
• Insiders have been actively buying shares, with a total of 134,000 shares purchased in the last 90 days, reflecting confidence in the company's future performance.

Zigup Plc (LON:ZIG - Get Free Report)'s share price shot up 0.5% during mid-day trading on Friday . The company traded as high as GBX 316 ($4.23) and last traded at GBX 314.50 ($4.21). 176,501 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 625,283 shares. The stock had previously closed at GBX 313 ($4.19).

Zigup Stock Performance

The firm has a market cap of £710.48 million, a price-to-earnings ratio of 901.15 and a beta of 1.65. The business's 50 day moving average price is GBX 325.54 and its 200-day moving average price is GBX 325.68.

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

Insider Transactions at Zigup

In other Zigup news, insider John Pattullo acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was acquired at an average price of GBX 303 per share, with a total value of £30,300. Also, insider Martin Ward acquired 49,369 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were acquired at an average cost of GBX 329 per share, with a total value of £162,424.01. In the last 90 days, insiders bought 134,000 shares of company stock worth $44,288,624. Company insiders own 2.56% of the company's stock.

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.

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