ZIP (OTCMKTS:ZIZTF) Stock Price Down 17.9% – Here’s Why

Shares of Zip Co Limited (OTCMKTS:ZIZTF) fell 17.9% during mid-day trading on Thursday . The company traded as low as $1.30 and last traded at $1.38. 23,100 shares were traded during mid-day trading, an increase of 542% from the average session volume of 3,600 shares. The stock had previously closed at $1.68.

ZIP Trading Down 17.9%

The business’s fifty day simple moving average is $2.02 and its 200 day simple moving average is $2.40.

ZIP Company Profile

Zip Co Limited is an Australia-based financial technology company that operates a buy-now, pay-later (BNPL) platform designed to offer flexible digital payment solutions for consumers and merchants. Its core products include Zip Pay, which allows users to make interest-free purchases up to a set limit with flexible repayments, and Zip Money, which provides higher-value credit lines subject to fees. The company’s mobile app and web interfaces enable customers to shop online or in-store, split payments into installments, and manage account balances in real time.

Founded in 2013 by Larry Diamond and Peter Gray, Zip Co gained traction in the Australian market and subsequently expanded into New Zealand, the United Kingdom, South Africa, Spain and the United States.