Zotefoams (LON:ZTF) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Zotefoams plc (LON:ZTF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 290.44 ($3.94) and traded as high as GBX 340 ($4.62). Zotefoams shares last traded at GBX 309 ($4.20), with a volume of 107,014 shares trading hands.

Zotefoams Price Performance

The company has a 50 day moving average of GBX 272.04 and a two-hundred day moving average of GBX 290. The firm has a market cap of £148.62 million, a P/E ratio of 14.96, a PEG ratio of 0.66 and a beta of 1.40. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07.

Zotefoams (LON:ZTF) last announced its earnings results on Tuesday, March 18th. The company reported GBX 25.95 ($0.35) earnings per share for the quarter. Zotefoams had a return on equity of 8.42% and a net margin of 7.45%.

Zotefoams Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 1st were given a GBX 5.10 ($0.07) dividend. This is a positive change from Zotefoams’s previous dividend of $2.38. The ex-dividend date was Thursday, May 1st. This represents a dividend yield of 1.92%. Zotefoams’s dividend payout ratio (DPR) is 33.89%.

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.