Zigup (LON:ZIG) Sets New 12-Month Low – Time to Sell?

Zigup Plc (LON:ZIG)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 316 ($3.96) and last traded at GBX 317.50 ($3.98), with a volume of 309629 shares trading hands. The stock had previously closed at GBX 320 ($4.01).

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 390 ($4.89) price target on shares of Zigup in a report on Friday, December 6th.

Zigup Stock Up 1.7 %

The business has a fifty day moving average price of GBX 353.82. The stock has a market cap of £720.00 million, a price-to-earnings ratio of 598.15 and a beta of 1.65.

Zigup Cuts Dividend

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

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.