Zotefoams (LON:ZTF) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Zotefoams plc (LON:ZTF)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 397.53 ($4.96) and traded as low as GBX 303.18 ($3.79). Zotefoams shares last traded at GBX 310 ($3.87), with a volume of 371,789 shares.

Zotefoams Stock Up 6.5 %

The business has a fifty day moving average of GBX 322.76 and a 200 day moving average of GBX 396. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 43.67. The firm has a market cap of £160.38 million, a P/E ratio of 1,650.00, a P/E/G ratio of 0.66 and a beta of 1.40.

Insider Activity

In other news, insider Ronan Cox purchased 3,204 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of GBX 310 ($3.87) per share, with a total value of £9,932.40 ($12,401.55). 18.96% of the stock is currently owned by company insiders.

Zotefoams Company Profile

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.