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Zegona Communications (LON:ZEG) Trading 16.9% Higher - Here's What Happened

Zegona Communications logo with Communication Services background

Zegona Communications plc (LON:ZEG - Get Free Report) shares shot up 16.9% on Monday . The stock traded as high as GBX 374 ($4.69) and last traded at GBX 374 ($4.69). 2,029,883 shares were traded during mid-day trading, an increase of 869% from the average session volume of 209,492 shares. The stock had previously closed at GBX 320 ($4.01).

Zegona Communications Trading Up 18.8 %

The stock has a market cap of £2.68 billion, a PE ratio of 4,222.22 and a beta of 2.80. The company has a debt-to-equity ratio of 4.22, a quick ratio of 6.23 and a current ratio of 67.85. The stock has a fifty day moving average price of GBX 331.09 and a 200 day moving average price of GBX 323.56.

Insider Transactions at Zegona Communications

In related news, insider Ashley G. Martin acquired 12,750 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of GBX 330 ($4.14) per share, for a total transaction of £42,075 ($52,745.39). Company insiders own 74.68% of the company's stock.

About Zegona Communications

(Get Free Report)

Zegona Communications plc engages in investing in telecommunications, media, and technology businesses in Europe. The company was incorporated in 2015 and is based in London, the United Kingdom.

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