Zotefoams (LON:ZTF) Issues Quarterly Earnings Results

Zotefoams (LON:ZTF) announced its quarterly earnings results on Tuesday. The company reported GBX 38 EPS for the quarter, Digital Look Earnings reports. Zotefoams had a return on equity of 0.63% and a net margin of 0.46%.

Zotefoams Stock Performance

Shares of LON ZTF opened at GBX 387 on Tuesday. Zotefoams has a 12 month low of GBX 222 and a 12 month high of GBX 479.88. The company has a market cap of £188.57 million, a P/E ratio of 336.52, a P/E/G ratio of 0.66 and a beta of 1.10. The business’s 50 day moving average is GBX 411.59 and its two-hundred day moving average is GBX 406.34. The company has a quick ratio of 0.67, a current ratio of 1.57 and a debt-to-equity ratio of 31.63.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of Zotefoams from GBX 600 to GBX 640 and gave the stock a “buy” rating in a report on Thursday, November 20th. Berenberg Bank lifted their target price on shares of Zotefoams from GBX 540 to GBX 590 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 593.33.

Zotefoams Company Profile

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.