Zigup (LON:ZIG) Trading Down 12.9% – What’s Next?

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

Zigup Stock Up 0.6 %

The company has a fifty day moving average price of GBX 366.43. The company has a market cap of £747.86 million, a PE ratio of 617.64 and a beta of 1.65.

Zigup Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 12th will be issued a GBX 8.80 ($0.11) dividend. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, December 12th. 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.