Zigup (LON:ZIG) Reaches New 12-Month Low – What’s Next?

Zigup Plc (LON:ZIG)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 315 ($3.96) and last traded at GBX 315.50 ($3.97), with a volume of 192293 shares trading hands. The stock had previously closed at GBX 317 ($3.99).

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 390 ($4.91) target price on shares of Zigup in a research note on Friday, December 6th.

Zigup Trading Down 0.5 %

The business’s 50 day simple moving average is GBX 350.86. The firm has a market capitalization of £703.41 million, a P/E ratio of 584.36 and a beta of 1.65.

Zigup Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be given a GBX 8.80 ($0.11) dividend. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, December 12th. Zigup’s dividend payout ratio (DPR) is 4,814.81%.

Zigup Company Profile

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.