Zigup (LON:ZIG) Sets New 1-Year Low – Should You Sell?

Shares of Zigup Plc (LON:ZIG) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 287 ($3.50) and last traded at GBX 289 ($3.53), with a volume of 687545 shares. The stock had previously closed at GBX 290.50 ($3.55).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 390 ($4.76) price objective on shares of Zigup in a report on Friday, December 6th.

Zigup Stock Up 2.0 %

The firm has a market cap of £672.07 million, a P/E ratio of 558.33 and a beta of 1.65. The business has a fifty day moving average of GBX 338.99.

Zigup Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were issued a dividend of GBX 8.80 ($0.11) per share. The ex-dividend date was Thursday, December 12th. This represents a yield of 2.3%. Zigup’s dividend payout ratio (DPR) is presently 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.