Zegona Communications (LON:ZEG) Shares Up 16.9% – Still a Buy?

Zegona Communications plc (LON:ZEGGet Free Report) shares shot up 16.9% on Monday . The company traded as high as GBX 374 ($4.69) and last traded at GBX 374 ($4.69). 2,029,883 shares traded hands during mid-day trading, an increase of 869% from the average session volume of 209,492 shares. The stock had previously closed at GBX 320 ($4.01).

Zegona Communications Stock Up 6.8 %

The stock’s 50 day simple moving average is GBX 331.09 and its two-hundred day simple moving average is GBX 323.56. The firm has a market cap of £2.86 billion, a P/E ratio of 4,511.11 and a beta of 2.80. The company has a debt-to-equity ratio of 4.22, a current ratio of 67.85 and a quick ratio of 6.23.

Insider Activity at Zegona Communications

In other news, insider Ashley G. Martin acquired 12,750 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of GBX 330 ($4.14) per share, with a total value of £42,075 ($52,745.39). 74.68% of the stock is owned by corporate insiders.

Zegona Communications Company Profile

(Get Free Report)

Zegona Communications plc engages in investing in telecommunications, media, and technology businesses in Europe. The company was incorporated in 2015 and is based in London, the United Kingdom.

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