ZIP (OTCMKTS:ZIZTF) Trading Down 17.9% – Should You Sell?

Zip Co Limited (OTCMKTS:ZIZTF)’s stock price was down 17.9% on Thursday . The stock traded as low as $1.30 and last traded at $1.38. Approximately 23,100 shares changed hands during trading, an increase of 542% from the average daily volume of 3,600 shares. The stock had previously closed at $1.68.

ZIP Price Performance

The company has a 50-day moving average of $2.02 and a 200-day moving average of $2.40.

About ZIP

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.