Zigup (LON:ZIG) Shares Up 0.8% – Here’s What Happened

Shares of Zigup Plc (LON:ZIG) were up 0.8% on Thursday . The company traded as high as GBX 316.50 ($3.94) and last traded at GBX 314 ($3.90). Approximately 1,406,878 shares changed hands during trading, an increase of 156% from the average daily volume of 549,572 shares. The stock had previously closed at GBX 311.50 ($3.87).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 390 ($4.85) target price on shares of Zigup in a report on Friday, December 6th.

Zigup Stock Performance

The company has a market capitalization of £699.94 million, a PE ratio of 581.48 and a beta of 1.65. The business has a fifty day moving average price of GBX 319.27.

Zigup (LON:ZIG) last announced its quarterly earnings results on Wednesday, December 4th. The company reported GBX 28.10 ($0.35) EPS for the quarter. Zigup had a return on equity of 12.27% and a net margin of 6.82%. On average, equities analysts expect that Zigup Plc will post 52.8985507 EPS for the current fiscal year.

Zigup Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were paid a dividend of GBX 8.80 ($0.11) per share. This represents a dividend yield of 2.3%. The ex-dividend date was Thursday, December 12th. Zigup’s dividend payout ratio (DPR) is presently 4,814.81%.

Insider Activity at Zigup

In related news, insider John Pattullo acquired 10,000 shares of Zigup stock in a transaction dated Tuesday, January 14th. The shares were acquired at an average cost of GBX 295 ($3.67) per share, for a total transaction of £29,500 ($36,686.98). 8.85% of the stock is owned by corporate insiders.

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.