Zotefoams (LON:ZTF) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Zotefoams plc (LON:ZTFGet Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 408.24 and traded as high as GBX 442. Zotefoams shares last traded at GBX 433, with a volume of 80,696 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Canaccord Genuity Group increased their target price on Zotefoams from GBX 600 to GBX 640 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Peel Hunt reaffirmed a “buy” rating and set a GBX 550 price objective on shares of Zotefoams in a report on Tuesday, November 4th. Finally, Berenberg Bank lifted their price objective on shares of Zotefoams from GBX 540 to GBX 590 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 593.33.

Check Out Our Latest Research Report on Zotefoams

Zotefoams Stock Performance

The company has a market capitalization of £210.99 million, a P/E ratio of 376.52, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The business has a 50 day moving average of GBX 410.70 and a 200 day moving average of GBX 408.24. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07.

Zotefoams Company Profile

(Get Free Report)

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.

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