Zotefoams (LON:ZTF) Insider Acquires £152.60 in Stock

Zotefoams plc (LON:ZTF) insider Nick Wright acquired 35 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of GBX 436 per share, for a total transaction of £152.60.

Zotefoams Price Performance

Shares of ZTF opened at GBX 438.17 on Friday. Zotefoams plc has a 12-month low of GBX 318.55 and a 12-month high of GBX 479.88. The business has a 50-day simple moving average of GBX 440.36 and a two-hundred day simple moving average of GBX 412.04. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 44.93. The stock has a market cap of £215.50 million, a PE ratio of 9.77, a PEG ratio of 0.66 and a beta of 1.24.

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

Wall Street Analyst Weigh In

Several research firms recently commented on ZTF. Peel Hunt reiterated a “buy” rating and set a GBX 550 target price on shares of Zotefoams in a research report on Wednesday, August 5th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 590 price target on shares of Zotefoams in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 605.

About Zotefoams

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.