Zip Co Limited (OTCMKTS:ZIZTF – Get Free Report)’s share price dropped 12.8% during mid-day trading on Wednesday . The stock traded as low as $2.05 and last traded at $2.05. Approximately 407 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 3,580 shares. The stock had previously closed at $2.35.
Wall Street Analyst Weigh In
Separately, B. Riley Financial started coverage on shares of ZIP in a research note on Wednesday. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.
View Our Latest Analysis on ZIZTF
ZIP Price Performance
About ZIP
Zip Co Limited is an Australia-based financial technology company that operates a buy-now, pay-later (BNPL) platform designed to offer flexible digital payment solutions for consumers and merchants. Its core products include Zip Pay, which allows users to make interest-free purchases up to a set limit with flexible repayments, and Zip Money, which provides higher-value credit lines subject to fees. The company’s mobile app and web interfaces enable customers to shop online or in-store, split payments into installments, and manage account balances in real time.
Founded in 2013 by Larry Diamond and Peter Gray, Zip Co gained traction in the Australian market and subsequently expanded into New Zealand, the United Kingdom, South Africa, Spain and the United States.
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