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

Zigup Plc (LON:ZIG - Get Free Report) shares dropped 9.4% 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 changed hands 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 Stock Performance

The stock has a market cap of £728.11 million, a price-to-earnings ratio of 5.85 and a beta of 1.65. The firm's 50-day simple moving average is GBX 345.60 and its two-hundred day simple moving average is GBX 319.15.

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

Insider Activity at Zigup

In related news, insider Martin Ward purchased 14,965 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were purchased at an average price of GBX 334 ($4.54) per share, with a total value of £49,983.10 ($67,930.28). Also, insider Mark Butcher purchased 6,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of GBX 320 ($4.35) per share, for a total transaction of £19,200 ($26,094.05). Insiders have purchased a total of 80,631 shares of company stock worth $26,936,223 in the last three months. 8.85% of the stock is owned by insiders.

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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