Zigup (LON:ZIG) Trading Down 12.9% - Time to Sell?

Shares of Zigup Plc (LON:ZIG - Get Free Report) were down 12.9% during mid-day trading on Thursday . The company traded as low as GBX 333.50 ($4.24) and last traded at GBX 333.53 ($4.24). Approximately 2,135,301 shares were traded during trading, an increase of 284% from the average daily volume of 556,631 shares. The stock had previously closed at GBX 383 ($4.87).

Zigup Stock Up 2.4 %

The company has a market cap of £761.30 million, a price-to-earnings ratio of 621.30 and a beta of 1.65. The company's 50 day moving average is GBX 366.43.

Zigup Cuts Dividend

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

Zigup Company Profile

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.