Zigup (LON:ZIG) Sets New 52-Week Low - Should You Sell?

Shares of Zigup Plc (LON:ZIG - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 326 ($4.16) and last traded at GBX 327.50 ($4.18), with a volume of 633928 shares trading hands. The stock had previously closed at GBX 337 ($4.30).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a "hold" rating and set a GBX 390 ($4.98) target price on shares of Zigup in a report on Friday, December 6th.

Zigup Trading Down 2.1 %

The company has a market capitalization of £735.28 million, a P/E ratio of 599.97 and a beta of 1.65. The firm has a 50-day moving average price of GBX 362.15.

Zigup Cuts Dividend

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

About Zigup

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.