Zotefoams (LON:ZTF) Share Price Passes Above 200-Day Moving Average – Time to Sell?

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 387.18 and traded as high as GBX 409. Zotefoams shares last traded at GBX 409, with a volume of 7,036 shares traded.

Wall Street Analyst Weigh In

ZTF has been the topic of several research analyst reports. Canaccord Genuity Group lifted their price target on shares of Zotefoams from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Peel Hunt reaffirmed a “buy” rating and set a GBX 550 price objective on shares of Zotefoams in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 576.67.

Zotefoams Stock Down 0.2%

The company has a debt-to-equity ratio of 42.07, a current ratio of 1.30 and a quick ratio of 0.67. The firm’s 50 day moving average price is GBX 398.71 and its two-hundred day moving average price is GBX 387.61. The firm has a market cap of £199.29 million, a price-to-earnings ratio of 355.65, a P/E/G ratio of 0.66 and a beta of 1.40.

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.