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

Zotefoams plc (LON:ZTF) shares passed 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.

Analysts Set New Price Targets

ZTF has been the topic of a number of recent research reports. Canaccord Genuity Group boosted their price target on shares of Zotefoams from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Peel Hunt reaffirmed a “buy” rating and set a GBX 550 target price on shares of Zotefoams in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Zotefoams presently has an average rating of “Buy” and an average price target of GBX 576.67.

Zotefoams Stock Performance

The stock has a 50-day moving average price of GBX 406.16 and a 200 day moving average price of GBX 377.43. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07. The firm has a market capitalization of £189.06 million, a price-to-earnings ratio of 337.39, a P/E/G ratio of 0.66 and a beta of 1.40.

Insider Buying and Selling

In other Zotefoams news, insider Gary McGrath sold 10,376 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were 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.