Zigup (LON:ZIG) Hits New 52-Week High – Time to Buy?

Zigup Plc (LON:ZIG) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 423 and last traded at GBX 422.50, with a volume of 50156 shares trading hands. The stock had previously closed at GBX 416.50.

Zigup Price Performance

The stock has a market capitalization of £920.46 million, a P/E ratio of 10.87 and a beta of 1.06. The company has a 50 day simple moving average of GBX 397.49 and a 200-day simple moving average of GBX 374.79.

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.
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.