Zotefoams (LON:ZTF) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Zotefoams plc (LON:ZTF)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 401.98 and traded as low as GBX 345. Zotefoams shares last traded at GBX 358, with a volume of 507,187 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZTF. Canaccord Genuity Group lifted their price target on Zotefoams from GBX 640 to GBX 675 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Berenberg Bank increased their price objective on Zotefoams from GBX 540 to GBX 590 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 605.

Zotefoams Stock Performance

The company has a market cap of £174.44 million, a PE ratio of 311.30, a PEG ratio of 0.66 and a beta of 1.10. The company has a debt-to-equity ratio of 43.83, a quick ratio of 0.67 and a current ratio of 1.02. The firm’s 50 day moving average is GBX 399.59 and its 200-day moving average is GBX 401.98.

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

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.