ZOO Digital: 5 bagger in 5 months - Overpriced or pausing for breath?
ZOO Digital shares have enjoyed a five-fold increase over the last five months but have corrected somewhat in recent days. AimZine takes a look at the factors which have been exciting shareholders and considers whether ZOO’s shares have peaked or whether this is just a pause for breath.
ZOO Digital Group (AIM:ZOO) Interim Results (released on 13th November) showed continuing improvement but the numbers themselves would not justify the five-fold increase that the shares have enjoyed over the last five months. However, there are some very good reasons why investors have been chasing up ZOO shares and positive business developments could soon start to show through in the financial results in the near future. ZOO Describes itself as provider of localisation and digital distribution services for the global entertainment market. The Company provides translation services using a network of almost 3,000 freelance translators. Demand for its services, particularly…