Zip Co Limited (OTCMKTS:ZIZTF – Get Free Report) dropped 0.8% during mid-day trading on Friday . The company traded as low as $1.21 and last traded at $1.21. Approximately 4,100 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 4,583 shares. The stock had previously closed at $1.22.
ZIP Stock Performance
The company’s 50-day moving average price is $1.72 and its 200 day moving average price is $2.28.
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.
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