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

Zigup Plc (LON:ZIG - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as GBX 315 ($3.95) and last traded at GBX 315.50 ($3.96), with a volume of 192293 shares. The stock had previously closed at GBX 317 ($3.98).

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 390 ($4.89) price objective on shares of Zigup in a research report on Friday, December 6th.

Zigup Stock Down 0.5 %

The stock has a market cap of £703.14 million, a P/E ratio of 584.14 and a beta of 1.65. The stock has a 50-day simple moving average of GBX 349.93.

Zigup Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be given a dividend of GBX 8.80 ($0.11) per share. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 2.3%. Zigup's dividend payout ratio is currently 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.