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

Zigup Plc (LON:ZIG - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 287 ($3.50) and last traded at GBX 289 ($3.53), with a volume of 687545 shares trading hands. The stock had previously closed at GBX 290.50 ($3.55).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 390 ($4.76) price target on shares of Zigup in a report on Friday, December 6th.

Zigup Stock Performance

The company's fifty day moving average price is GBX 341.53. The company has a market cap of £653.13 million, a price-to-earnings ratio of 542.59 and a beta of 1.65.

Zigup Cuts Dividend

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

Zigup Company Profile

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.