Zotefoams (LON:ZTF) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Zotefoams plc (LON:ZTF) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 377.35 and traded as low as GBX 372. Zotefoams shares last traded at GBX 380, with a volume of 50,059 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on ZTF. Peel Hunt reiterated a “buy” rating and set a GBX 550 price objective on shares of Zotefoams in a research note on Tuesday, November 4th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 540 price target on shares of Zotefoams in a report on Tuesday, August 26th. Finally, Canaccord Genuity Group increased their price objective on Zotefoams from GBX 600 to GBX 640 and gave the company a “buy” rating in a report on Thursday, November 20th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 576.67.

Zotefoams Stock Up 1.1%

The company has a market capitalization of £187.11 million, a price-to-earnings ratio of 333.91, a PEG ratio of 0.66 and a beta of 1.40. The company has a debt-to-equity ratio of 42.07, a quick ratio of 0.67 and a current ratio of 1.30. The business’s 50 day moving average is GBX 406.76 and its 200 day moving average is GBX 377.35.

Insider Buying and Selling at Zotefoams

In related news, insider Gary McGrath sold 10,376 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of GBX 403, for a total value of £41,815.28. 4.53% of the stock is owned by company insiders.

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.