Zigup (LON:ZIG) Shares Up 0.4% - Here's What Happened

Key Points

• Zigup's shares increased by 0.4% during Thursday's trading, reaching a last traded price of GBX 345.04 ($4.68).
• The company reported a P/E ratio of 6.11 and a net margin of 6.82% according to its latest earnings results.
• Insider Martin Ward bought 49,369 shares at an average of GBX 329 ($4.46), contributing to a total of 124,000 shares purchased by insiders in the last quarter.

Zigup Plc (LON:ZIG - Get Free Report)'s stock price shot up 0.4% on Thursday . The stock traded as high as GBX 348.50 ($4.71) and last traded at GBX 345.04 ($4.66). 572,424 shares changed hands during trading, a decline of 5% from the average session volume of 601,957 shares. The stock had previously closed at GBX 343.50 ($4.64).

Zigup Stock Up 0.9%

The stock has a market capitalization of £755.90 million, a price-to-earnings ratio of 6.08 and a beta of 1.65. The firm has a 50-day moving average of GBX 345.07 and a two-hundred day moving average of GBX 324.88.

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

Insider Buying and Selling

In other Zigup news, insider Martin Ward purchased 49,369 shares of the company's stock in a transaction on Friday, July 11th. The shares were bought at an average cost of GBX 329 per share, with a total value of £162,424.01. Over the last quarter, insiders purchased 124,000 shares of company stock valued at $41,258,624. 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.