Zigup (LON:ZIG) Hits New 12-Month Low – Here’s Why

Zigup Plc (LON:ZIG)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 313 ($3.87) and last traded at GBX 313.50 ($3.88), with a volume of 175361 shares. The stock had previously closed at GBX 320 ($3.96).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 390 ($4.82) price objective on shares of Zigup in a report on Friday, December 6th.

Zigup Stock Performance

The firm has a market cap of £671.80 million, a price-to-earnings ratio of 558.10 and a beta of 1.65. The business has a fifty day simple moving average of GBX 345.

Zigup Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 12th will be paid 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 is Thursday, December 12th. Zigup’s dividend payout ratio is currently 4,814.81%.

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.