Zigup (LON:ZIG) Reaches New 12-Month Low – Should You Sell?

Zigup Plc (LON:ZIG) shares reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 316.50 ($4.02) and last traded at GBX 319.50 ($4.06), with a volume of 992344 shares changing hands. The stock had previously closed at GBX 324.50 ($4.13).

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 390 ($4.96) target price on shares of Zigup in a research report on Friday, December 6th.

Zigup Trading Up 0.8 %

The firm has a 50-day moving average of GBX 359.44. The company has a market cap of £717.77 million, a price-to-earnings ratio of 591.67 and a beta of 1.65.

Zigup Cuts Dividend

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