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Zigup (LON:ZIG) Sets New 1-Year Low - Here's Why

Zigup logo with Industrials background

Zigup Plc (LON:ZIG - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as GBX 350 ($4.45) and last traded at GBX 353.20 ($4.49), with a volume of 550764 shares trading hands. The stock had previously closed at GBX 383 ($4.87).

Zigup Stock Down 12.9 %

The stock has a market capitalization of £743.47 million, a price-to-earnings ratio of 656.48 and a beta of 1.65. The stock has a fifty day moving average price of GBX 367.25.

Zigup Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be paid 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 is currently 4,814.81%.

Zigup Company Profile

(Get Free Report)

Zigup Plc engages in the provision of mobility solutions and automotive services to business and personal customers in the United Kingdom, Spain, and Ireland. The company offers vehicle provision services which includes vehicle rental, service, and maintenance services through vans, light commercial vehicles (LCVs), and specialist vehicles with refrigerated, traffic management, and support; and fleet support and services comprising service scheduling, telematics, driver liaison, training, and downtime management, as well as electric vehicle (EV) fleet consulting and charging, and solar installation for businesses and consumers.

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