Zotefoams (LON:ZTF) Share Price Breaks Above Fifty Day Moving Average – Here’s Why

Zotefoams plc (LON:ZTF)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of GBX 454.15 and traded as high as GBX 462. Zotefoams shares last traded at GBX 462, with a volume of 127,361 shares trading hands.

Analyst Upgrades and Downgrades

ZTF has been the topic of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 590 target price on shares of Zotefoams in a report on Wednesday, October 14th. Peel Hunt reiterated a “buy” rating and issued a GBX 550 target price on shares of Zotefoams in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 605.

Zotefoams Price Performance

The company has a current ratio of 1.07, a quick ratio of 0.67 and a debt-to-equity ratio of 44.93. The firm has a fifty day moving average of GBX 454.15 and a 200 day moving average of GBX 423.21. The company has a market capitalization of £227.78 million, a P/E ratio of 9.19, a P/E/G ratio of 0.66 and a beta of 1.24.

Zotefoams (LON:ZTF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported GBX 25.70 earnings per share (EPS) for the quarter. Zotefoams had a net margin of 13.88% and a return on equity of 18.18%.

Insiders Place Their Bets

In related news, insider Lynn Drummond acquired 2,256 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of GBX 443 per share, for a total transaction of £9,994.08. In the last ninety days, insiders purchased 2,325 shares of company stock worth $1,029,492. 4.52% of the stock is owned by corporate 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.