Zigup (LON:ZIG) Trading Down 0.2% – Here’s What Happened

Shares of Zigup Plc (LON:ZIG) fell 0.2% during mid-day trading on Tuesday . The company traded as low as GBX 307 ($3.97) and last traded at GBX 307.50 ($3.98). 11,212,988 shares were traded during trading, an increase of 1,494% from the average session volume of 703,348 shares. The stock had previously closed at GBX 308 ($3.99).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 390 ($5.05) price objective on shares of Zigup in a report on Friday, December 6th.

Zigup Trading Down 0.2 %

The business’s 50-day moving average is GBX 309.26 and its two-hundred day moving average is GBX 338.31. The stock has a market capitalization of £683.65 million, a PE ratio of 5.50 and a beta of 1.65.

Insider Activity

In related news, insider John Pattullo purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average price of GBX 295 ($3.82) per share, with a total value of £29,500 ($38,192.65). 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.