ZIP (OTCMKTS:ZIZTF) Shares Climb 5.4% – Here’s What Happened

Zip Co Limited (OTCMKTS:ZIZTF) shares were up 5.4% during mid-day trading on Friday. The stock traded as high as $1.4650 and last traded at $1.4650. 2,415 shares were traded during trading, a decline of 29% from the average daily volume of 3,388 shares. The stock had previously closed at $1.39.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial assumed coverage on shares of ZIP in a research report on Wednesday, July 8th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

ZIP Trading Up 5.4%

The stock’s 50-day simple moving average is $1.72 and its 200-day simple moving average is $1.71.

ZIP Company Profile

Zip Co Limited is an Australian financial technology company that provides digital payment and consumer finance services. Its platform allows customers to make purchases and repay them over time through buy now, pay later products, subject to applicable terms, eligibility requirements and regulatory conditions.

The company offers payment solutions through its Zip and Zip Pay products, which are available through participating online and in-store merchants. Zip also provides payment technology and merchant services designed to help businesses accept installment-based payments and engage customers through digital channels.

Founded in Australia in 2013, Zip expanded internationally through organic growth and acquisitions, including the purchase of U.S.-based QuadPay in 2020.