Zigup (LON:ZIG) Reaches New 12-Month High – Should You Buy?

Shares of Zigup Plc (LON:ZIG) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 421 and last traded at GBX 404.50, with a volume of 217706 shares changing hands. The stock had previously closed at GBX 403.

Zigup Stock Performance

The stock has a market cap of £913.63 million, a PE ratio of 10.79 and a beta of 1.11. The company’s 50-day moving average price is GBX 392.50 and its 200 day moving average price is GBX 368.48.

Zigup Company Profile

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.
The mobility landscape is changing, becoming ever more connected and ZIGUP uses its knowledge and expertise to guide customers through the transformation, whether that is more digitally connected solutions or supporting the transition to lower carbon mobility through providing EVs, charging solutions and consultancy.

The Company’s core purpose is to keep its customers mobile, smarter – through meeting their regular mobility needs or by servicing and supporting them when unforeseen events occur.