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Zigup (LON:ZIG) Trading Down 9.4% - Here's Why

Zigup logo with Industrials background

Zigup Plc (LON:ZIG - Get Free Report) shares were down 9.4% during mid-day trading 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 were traded during 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 Up 0.3%

The firm has a market cap of £730.34 million, a price-to-earnings ratio of 5.87 and a beta of 1.65. The company's 50-day moving average price is GBX 345.60 and its 200-day moving average price is GBX 319.15.

Zigup (LON:ZIG - Get Free Report) last issued its quarterly 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, sell-side analysts predict that Zigup Plc will post 52.8985507 earnings per share for the current fiscal year.

Insider Activity

In other Zigup news, insider Martin Ward purchased 14,922 shares of Zigup stock in a transaction dated Wednesday, July 9th. The shares were acquired at an average price of GBX 335 ($4.55) per share, with a total value of £49,988.70 ($67,937.89). Also, insider Mark Butcher purchased 6,000 shares of Zigup stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of GBX 320 ($4.35) per share, for a total transaction of £19,200 ($26,094.05). Insiders have bought 80,631 shares of company stock worth $26,936,223 in the last three months. 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.

Further Reading

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