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Zigup (LON:ZIG) Shares 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 company traded as low as GBX 323 ($4.39) and last traded at GBX 327.50 ($4.45). 2,540,586 shares were traded during 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 Trading Up 0.5%

The stock's 50-day simple moving average is GBX 345.60 and its 200-day simple moving average is GBX 319.15. The stock has a market cap of £731.45 million, a price-to-earnings ratio of 5.88 and a beta of 1.65.

Zigup (LON:ZIG - Get Free Report) last announced 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%. On average, equities research analysts forecast that Zigup Plc will post 52.8985507 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Martin Ward acquired 14,965 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were acquired at an average cost of GBX 334 ($4.54) per share, with a total value of £49,983.10 ($67,902.59). Also, insider Mark Butcher acquired 6,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of GBX 320 ($4.35) per share, for a total transaction of £19,200 ($26,083.41). In the last 90 days, insiders have acquired 80,631 shares of company stock worth $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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