Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares traded 12.32% higher at $18.42 on Wall Street last session.
ZIM stock price is now -2.86% away from the 50-day moving average and 25.92% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22B.
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On June 06, 2024, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $13, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Ben-Amram Eyal, Officer bought 10,000 shares of the company’s stock on Aug 21 ’24. The stock was bought for $225,400 at an average price of $22.54. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, EVP Cross Suez and Atlantic Tr Tiran Assaf bought 35,000 shares of the business’s stock. A total of $788,900 was incurred on buying the stock at an average price of $22.54. A total of 21.71% of the company’s stock is owned by insiders.
During the past 12 months, Zim Integrated Shipping Services Ltd has had a low of $6.39 and a high of $23.82. As of last week, the company has a debt-to-equity ratio of 1.94, a current ratio of 1.04, and a quick ratio of 0.97. The fifty day moving average price for ZIM is $18.8716 and a two-hundred day moving average price translates $14.68635 for the stock.
The latest earnings results from Zim Integrated Shipping Services Ltd (NYSE: ZIM) was released for 2024-06-30. The net profit margin was -32.80% and return on equity was -50.62% for ZIM. The company reported revenue of $1.93 billion for the quarter, compared to $1.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.57 percent.
