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

Zigup Plc (LON:ZIG)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 326 ($4.11) and last traded at GBX 327.50 ($4.13), with a volume of 633928 shares trading hands. The stock had previously closed at GBX 337 ($4.25).

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 390 ($4.92) target price on shares of Zigup in a research note on Friday, December 6th.

Zigup Stock Performance

The firm has a 50 day moving average of GBX 360.39. The company has a market cap of £738.92 million, a price-to-earnings ratio of 613.87 and a beta of 1.65.

Zigup Cuts Dividend

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