Zigup (LON:ZIG) Stock Price Up 0.8% - Here's Why

Shares of Zigup Plc (LON:ZIG - Get Free Report) traded up 0.8% on Thursday . The company traded as high as GBX 316.50 ($3.91) and last traded at GBX 314 ($3.88). 1,406,878 shares changed hands during mid-day trading, an increase of 156% from the average session volume of 549,572 shares. The stock had previously closed at GBX 311.50 ($3.85).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a "hold" rating and issued a GBX 390 ($4.82) price target on shares of Zigup in a research report on Friday, December 6th.

Zigup Stock Performance

The business has a fifty day simple moving average of GBX 316.74. The firm has a market cap of £699.94 million, a price-to-earnings ratio of 581.48 and a beta of 1.65.

Zigup (LON:ZIG - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The company reported GBX 28.10 ($0.35) EPS for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.27%. As a group, equities analysts expect that Zigup Plc will post 52.8985507 earnings per share for the current fiscal year.

Zigup Cuts Dividend

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

Insider Activity

In other Zigup news, insider John Pattullo purchased 10,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were purchased at an average price of GBX 295 ($3.65) per share, with a total value of £29,500 ($36,455.76). 8.85% of the stock is currently owned by insiders.

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.