Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares traded 0.86% higher at $27.01 on Wall Street last session.
ZIM stock price is now 19.76% away from the 50-day moving average and 53.57% away from the 200-day moving average. The market capitalization of the company currently stands at $3.25B.
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With the price target maintained at $25, Jefferies recently Downgraded its rating from Buy to Hold for Zim Integrated Shipping Services Ltd (NYSE: ZIM). , while ‘Citigroup’ rates the stock as ‘Sell’
In other news, Ben-Amram Eyal, Officer bought 10,000 shares of the company’s stock on Sep 27 ’24. The stock was bought for $235,200 at an average price of $23.52. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, Officer Ben-Amram Eyal bought 10,000 shares of the business’s stock. A total of $225,400 was incurred on buying the stock at an average price of $22.54. A total of 17.55% 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 $27.48. 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 $22.3808 and a two-hundred day moving average price translates $17.5154 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.
