Zotefoams (LON:ZTF) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Zotefoams plc (LON:ZTF) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-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.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZTF. Peel Hunt reissued a “buy” rating and issued a GBX 550 price target on shares of Zotefoams in a research report on Wednesday, August 5th. Berenberg Bank restated a “buy” rating and issued a GBX 590 price target on shares of Zotefoams in a research note on Wednesday, October 14th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Zotefoams currently has an average rating of “Buy” and a consensus price target of GBX 605.

Zotefoams Stock Up 2.8%

The business has a 50-day simple moving average of GBX 454.15 and a 200-day simple moving average of GBX 423.21. 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 company has a market cap 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.

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

Insider Buying and Selling

In other Zotefoams news, insider Lynn Drummond purchased 2,256 shares of the business’s stock in a transaction on Friday, August 14th. The shares were bought at an average cost of GBX 443 per share, for a total transaction of £9,994.08. Insiders acquired a total of 2,325 shares of company stock valued at $1,029,492 over the last 90 days. Corporate insiders own 4.52% of the company’s stock.

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.