Zotefoams (LON:ZTF) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Zotefoams plc (LON:ZTF)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 404.03 and traded as low as GBX 349.65. Zotefoams shares last traded at GBX 354, with a volume of 282,705 shares traded.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Berenberg Bank upped their price objective on shares of Zotefoams from GBX 540 to GBX 590 and gave the company a “buy” rating in a report on Tuesday, January 27th. Canaccord Genuity Group raised their target price on shares of Zotefoams from GBX 640 to GBX 675 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Zotefoams has an average rating of “Buy” and a consensus target price of GBX 605.

Zotefoams Price Performance

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 stock has a market capitalization of £172.49 million, a price-to-earnings ratio of 307.83, a P/E/G ratio of 0.66 and a beta of 1.10. The business’s 50 day simple moving average is GBX 406 and its 200-day simple moving average is GBX 404.03.

Zotefoams (LON:ZTF) last issued its earnings results on Tuesday, March 17th. The company reported GBX 38 earnings per share for the quarter. Zotefoams had a return on equity of 18.25% and a net margin of 14.28%.

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.