Free Trial

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

Zigup logo with Industrials background

Zigup Plc (LON:ZIG - Get Free Report) fell 9.4% during trading on Wednesday . The stock traded as low as GBX 323 ($4.39) and last traded at GBX 327.50 ($4.45). 2,540,586 shares were traded during mid-day 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 Down 9.4%

The firm has a fifty day moving average of GBX 345.30 and a 200 day moving average of GBX 319.09. The company has a market capitalization of £728.11 million, a P/E ratio of 5.85 and a beta of 1.65.

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

Insider Buying and Selling

In related news, insider Martin Ward acquired 14,965 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was bought at an average cost of GBX 334 ($4.54) per share, for a total transaction of £49,983.10 ($67,948.75). Also, insider Mark Butcher acquired 6,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of GBX 320 ($4.35) per share, with a total value of £19,200 ($26,101.14). Over the last quarter, insiders have purchased 80,631 shares of company stock valued at $26,936,223. 8.85% of the stock is currently owned by corporate insiders.

Zigup Company Profile

(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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Zigup Right Now?

Before you consider Zigup, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zigup wasn't on the list.

While Zigup currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines