Zigup (LON:ZIG) Trading 0% Higher - Here's Why

Zigup Plc (LON:ZIG - Get Free Report) shares traded up 0% on Friday . The company traded as high as GBX 311.01 ($3.98) and last traded at GBX 311.01 ($3.98). 1,561,100 shares traded hands during mid-day trading, an increase of 181% from the average session volume of 554,823 shares. The stock had previously closed at GBX 311 ($3.98).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a "hold" rating and issued a GBX 390 ($4.99) price target on shares of Zigup in a research report on Friday, December 6th.

Zigup Trading Up 1.7 %

The firm has a fifty day moving average price of GBX 310.64 and a 200 day moving average price of GBX 347.04. The firm has a market cap of £678.09 million, a PE ratio of 5.45 and a beta of 1.65.

Zigup (LON:ZIG - Get Free Report) last issued its earnings results on Wednesday, December 4th. The company reported GBX 28.10 ($0.36) EPS for the quarter. Zigup had a net margin of 6.82% and a return on equity of 12.09%. As a group, equities analysts predict that Zigup Plc will post 52.8985507 earnings per share for the current year.

Insider Activity at Zigup

In other news, insider John Pattullo purchased 10,000 shares of the firm's stock in a transaction on Tuesday, January 14th. The shares were bought at an average cost of GBX 295 ($3.77) per share, for a total transaction of £29,500 ($37,738.26). 8.85% of the stock is currently owned by insiders.

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.