Zegona Communications plc (LON:ZEG – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 434 ($5.39) and last traded at GBX 422 ($5.24), with a volume of 1419300 shares traded. The stock had previously closed at GBX 424 ($5.27).
Zegona Communications Price Performance
The stock’s fifty day moving average is GBX 343.02 and its 200-day moving average is GBX 332.33. The stock has a market capitalization of £2.97 billion, a PE ratio of 4,688.89 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.
Insiders Place Their Bets
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 stock was purchased at an average cost of GBX 330 ($4.10) per share, for a total transaction of £42,075 ($52,286.57). 74.68% of the stock is owned by company insiders.
Zegona Communications Company Profile
Zegona is a British company investing strategically across the Europe with the objective of acquiring businesses in the European TMT sector, using a “Buy-Fix-Sell” strategy to deliver attractive shareholder returns.
The first acquisition made by Zegona was of Asturian telecommunications operator Telecable in 2015.
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