Business
Could this be why the Zip (ASX:Z1P) share price is underperforming? – The Motley Fool Australia
Could this be why the Zip Co Ltd (ASX: Z1P) share price is down 50% from its August highs and is struggling to maintain ground?
The Zip Co Ltd(ASX: Z1P) share price has more than halved since its August record highs and struggled to hold its ground in recent days. At Thursday’s closing price of $5.15, the Zip share price is now lower than levels seen after the company announced its QuadPay acquisition back in June!
Between June and November, Zip has increased its monthly transaction volume from $189.3 million to $577.1 million and increased its customer base from 2.1 million to 5.3 million. With its metrics more than doubling…
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