Zegona Communications (LON:ZEG) Trading Up 16.9% – Here’s Why

Zegona Communications plc (LON:ZEG)’s stock price shot up 16.9% on Monday . The stock traded as high as GBX 374 ($4.70) and last traded at GBX 374 ($4.70). 2,029,883 shares traded hands during trading, an increase of 869% from the average session volume of 209,492 shares. The stock had previously closed at GBX 320 ($4.02).

Zegona Communications Trading Up 16.9 %

The company has a current ratio of 67.85, a quick ratio of 6.23 and a debt-to-equity ratio of 4.22. The business has a 50 day moving average price of GBX 330.77 and a 200-day moving average price of GBX 322.80. The company has a market cap of £2.63 billion, a P/E ratio of 4,155.56 and a beta of 2.80.

Insider Buying and Selling at Zegona Communications

In other Zegona Communications news, insider Ashley G. Martin bought 12,750 shares of Zegona Communications stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of GBX 330 ($4.15) per share, for a total transaction of £42,075 ($52,884.62). Corporate insiders own 74.68% of the company’s stock.

About Zegona Communications

Zegona Communications plc engages in investing in telecommunications, media, and technology businesses in Europe. The company was incorporated in 2015 and is based in London, the United Kingdom.