Zotefoams (LON:ZTF) Stock Crosses Above 200 Day Moving Average – What’s Next?

Zotefoams plc (LON:ZTFGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 398.71 and traded as high as GBX 399. Zotefoams shares last traded at GBX 393, with a volume of 193,525 shares changing hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on ZTF

Zotefoams Trading Up 1.1%

The business’s 50 day moving average price is GBX 380.51 and its two-hundred day moving average price is GBX 398.71. The company has a market capitalization of £195.45 million, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. The company has a debt-to-equity ratio of 43.83, a quick ratio of 0.67 and a current ratio of 1.02.

Zotefoams (LON:ZTFGet Free Report) last issued its quarterly 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%.

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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