ZIP (ASX:Z1P) Trading Up 0.3%

Zip Co Ltd (ASX:Z1P)’s stock price was up 0.3% during mid-day trading on Monday . The company traded as high as A$2.97 ($2.11) and last traded at A$2.93 ($2.08), approximately 946,875 shares were traded during mid-day trading. The stock had previously closed at A$2.92 ($2.07).

The stock has a market cap of $1.07 billion and a P/E ratio of -61.00. The company has a debt-to-equity ratio of 1,885.25, a quick ratio of 60.47 and a current ratio of 60.47. The firm’s 50 day moving average is A$3.15.

ZIP Company Profile (ASX:Z1P)

Zip Co Limited provides point-of-sale credit and digital payment services to consumers and merchants in Australia and New Zealand. It offers integrated retail finance solutions to small, medium, and enterprise businesses across various industries through online and in-store. The company provides zip Pay and zip Money, which are digital wallets that enable customers to buy now and pay them over time for purchases online and in-store; and Pocketbook, a mobile app that automatically categorizes spending.

Further Reading: Recession

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