Zotefoams (LON:ZTF) Shares Pass Below 200 Day Moving Average – Should You Sell?

Zotefoams plc (LON:ZTF)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 399.77 and traded as low as GBX 395.39. Zotefoams shares last traded at GBX 399.61, with a volume of 213,587 shares trading hands.

Analyst Ratings Changes

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

Zotefoams Price Performance

The stock has a market capitalization of £195.50 million, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. The company has a 50 day moving average of GBX 384.32 and a 200 day moving average of GBX 399.77. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 43.83.

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

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.