Zotefoams (LON:ZTF) Sets New 1-Year High – What’s Next?

Zotefoams plc (LON:ZTF) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 480 and last traded at GBX 466, with a volume of 508,393 shares. The stock had previously closed at GBX 470.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZTF. Berenberg Bank restated a “buy” rating and set a GBX 590 price objective on shares of Zotefoams in a research note on Wednesday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 550 target price on shares of Zotefoams in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 605.

Zotefoams Price Performance

The company has a debt-to-equity ratio of 44.93, a quick ratio of 0.67 and a current ratio of 1.07. The business’s 50 day simple moving average is GBX 439.63 and its 200-day simple moving average is GBX 422.74. The stock has a market capitalization of £229.75 million, a price-to-earnings ratio of 9.27, a price-to-earnings-growth 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 EPS for the quarter. Zotefoams had a net margin of 13.88% and a return on equity of 18.18%.

Insider Transactions at Zotefoams

In other Zotefoams news, insider Lynn Drummond acquired 2,256 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of GBX 443 per share, with a total value of £9,994.08. Over the last three months, insiders purchased 2,325 shares of company stock valued at $1,029,492. Corporate insiders own 4.52% of the company’s stock.

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.