Zotefoams (LON:ZTF) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Zotefoams plc (LON:ZTF) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 407.11 and traded as high as GBX 460. Zotefoams shares last traded at GBX 442.29, with a volume of 1,476,672 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 590 price target on shares of Zotefoams in a report on Thursday, May 28th. Canaccord Genuity Group raised their price target on shares of Zotefoams from GBX 640 to GBX 675 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 605.

Zotefoams Trading Down 0.5%

The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 43.83. The firm’s fifty day moving average is GBX 407.11 and its two-hundred day moving average is GBX 400.55. The firm has a market cap of £208.04 million, a P/E ratio of 9.43, a PEG ratio of 0.66 and a beta of 1.24.

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.