ZOO Digital Group (LON:ZOO) Stock Price Up 9.1% – Should You Buy?

ZOO Digital Group plc (LON:ZOO)’s share price shot up 9.1% during trading on Thursday . The company traded as high as GBX 11.80 and last traded at GBX 10.75. 2,549,544 shares traded hands during mid-day trading, an increase of 625% from the average daily volume of 351,891 shares. The stock had previously closed at GBX 9.85.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 22 price target on shares of ZOO Digital Group in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 22.

ZOO Digital Group Stock Performance

The company has a market cap of £10.57 million, a P/E ratio of -1.58, a PEG ratio of 72.30 and a beta of 0.98. The business’s 50 day simple moving average is GBX 10.66 and its 200 day simple moving average is GBX 11.70. The company has a current ratio of 1.00, a quick ratio of 1.59 and a debt-to-equity ratio of 22.50.

ZOO Digital Group Company Profile

ZOO Digital is a provider of services allowing TV and movie content to be subtitled and dubbed in any language and prepared for sale with all major online retailers. ZOO’s clients are some of the best-known brands in the world including major Hollywood studios, global broadcasters and digital distributors.