Zotefoams (LON:ZTF) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Zotefoams plc (LON:ZTF) 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 changing hands.

Analyst Ratings Changes

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

Zotefoams Price Performance

The company’s fifty day moving average is GBX 454.15 and its two-hundred day moving average is GBX 423.21. The firm has a market capitalization of £227.78 million, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 44.93.

Zotefoams (LON:ZTF) last issued its quarterly earnings data 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%.

Insider Buying and Selling

In other news, insider Lynn Drummond bought 2,256 shares of Zotefoams stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of GBX 443 per share, for a total transaction of £9,994.08. In the last quarter, insiders acquired 2,325 shares of company stock worth $1,029,492. Company 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.