Zegona Communications (LON:ZEG) Shares Down 2.3%

Shares of Zegona Communications plc (LON:ZEG) dropped 2.3% during trading on Tuesday . The company traded as low as GBX 258 ($3.26) and last traded at GBX 260 ($3.29). Approximately 74,389 shares traded hands during trading, a decline of 63% from the average daily volume of 199,968 shares. The stock had previously closed at GBX 266 ($3.36).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 450 ($5.69) price target on shares of Zegona Communications in a research note on Tuesday, May 14th.

Zegona Communications Stock Down 2.3 %

The company has a current ratio of 67.85, a quick ratio of 6.23 and a debt-to-equity ratio of 4.22. The stock has a market capitalization of £1.83 billion, a PE ratio of -2,046.15 and a beta of 2.67. The stock’s fifty day simple moving average is GBX 251.53 and its 200-day simple moving average is GBX 223.07.

Zegona Communications Company Profile

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.