Zigup (LON:ZIG) Hits New 52-Week Low – Time to Sell?

Zigup Plc (LON:ZIG) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 316.50 ($3.96) and last traded at GBX 319.50 ($3.99), with a volume of 992344 shares changing hands. The stock had previously closed at GBX 324.50 ($4.06).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 390 ($4.87) price target on shares of Zigup in a report on Friday, December 6th.

Zigup Stock Performance

The business has a fifty day moving average price of GBX 356.54. The stock has a market cap of £713.31 million, a PE ratio of 592.59 and a beta of 1.65.

Zigup Cuts Dividend

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