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Zigup (LON:ZIG) Shares Down 7.1% - Here's Why

Zigup logo with Industrials background

Zigup Plc (LON:ZIG - Get Free Report) fell 7.1% during trading on Wednesday . The company traded as low as GBX 336 ($4.53) and last traded at GBX 336 ($4.53). 494,457 shares traded hands during trading, a decline of 19% from the average session volume of 608,132 shares. The stock had previously closed at GBX 361.50 ($4.88).

Zigup Trading Up 2.7%

The stock's 50 day moving average price is GBX 346.19 and its 200 day moving average price is GBX 319.31. The company has a market cap of £751.46 million, a price-to-earnings ratio of 6.04 and a beta of 1.65.

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

Insider Transactions at Zigup

In other Zigup news, insider Martin Ward bought 14,965 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was purchased at an average price of GBX 334 ($4.51) per share, with a total value of £49,983.10 ($67,426.28). Also, insider Mark Butcher bought 6,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of GBX 320 ($4.32) per share, with a total value of £19,200 ($25,900.45). In the last ninety days, insiders have bought 80,631 shares of company stock valued at $26,936,223. Corporate 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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