Zegona Communications (LON:ZEG) Sets New 52-Week High – Time to Buy?

Zegona Communications plc (LON:ZEGGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 434 ($5.39) and last traded at GBX 422 ($5.24), with a volume of 1419300 shares trading hands. The stock had previously closed at GBX 424 ($5.27).

Zegona Communications Stock Down 0.5 %

The business has a 50-day simple moving average of GBX 343.02 and a two-hundred day simple moving average of GBX 332.33. The company has a market capitalization of £2.97 billion, a price-to-earnings ratio of 4,688.89 and a beta of 2.80. The company has a debt-to-equity ratio of 4.22, a quick ratio of 6.23 and a current ratio of 67.85.

Insider Transactions at Zegona Communications

In related news, insider Ashley G. Martin acquired 12,750 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of GBX 330 ($4.10) per share, for a total transaction of £42,075 ($52,286.57). Corporate insiders own 74.68% of the company’s stock.

Zegona Communications Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Zegona Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zegona Communications and related companies with MarketBeat.com's FREE daily email newsletter.