Zigup (LON:ZIG) Reaches New 52-Week Low – What’s Next?

Zigup Plc (LON:ZIG) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 313 ($3.92) and last traded at GBX 313.50 ($3.92), with a volume of 175361 shares trading hands. The stock had previously closed at GBX 320 ($4.00).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 390 ($4.88) price objective on shares of Zigup in a research note on Friday, December 6th.

Zigup Price Performance

The firm has a market capitalization of £694.36 million, a PE ratio of 576.85 and a beta of 1.65. The company’s 50 day simple moving average is GBX 345.93.

Zigup Cuts Dividend

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