Zigup (LON:ZIG) Shares Up 0% – Should You Buy?

Zigup Plc (LON:ZIG) shares shot up 0% during mid-day trading on Friday . The company traded as high as GBX 311.01 ($3.91) and last traded at GBX 311.01 ($3.91). 1,561,100 shares changed hands during mid-day trading, an increase of 181% from the average session volume of 554,823 shares. The stock had previously closed at GBX 311 ($3.91).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 390 ($4.90) price objective on shares of Zigup in a report on Friday, December 6th.

Zigup Stock Up 0.0 %

The business’s 50-day simple moving average is GBX 311.24 and its 200 day simple moving average is GBX 348.05. The firm has a market capitalization of £691.45 million, a P/E ratio of 5.56 and a beta of 1.65.

Zigup (LON:ZIG) last released its earnings results on Wednesday, December 4th. The company reported GBX 28.10 ($0.35) EPS for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.09%. Sell-side analysts predict that Zigup Plc will post 52.8985507 earnings per share for the current year.

Zigup Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were given a dividend of GBX 8.80 ($0.11) per share. The ex-dividend date was Thursday, December 12th. This represents a yield of 2.3%. Zigup’s payout ratio is 46.47%.

Insider Transactions at Zigup

In related news, insider John Pattullo purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were acquired at an average price of GBX 295 ($3.71) per share, for a total transaction of £29,500 ($37,097.59). Company 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.