Insider Buying: Zotefoams (LON:ZTF) Insider Acquires 2,256 Shares

Zotefoams plc (LON:ZTF) insider Lynn Drummond purchased 2,256 shares of the company’s stock in a transaction on Friday, August 14th. The shares were purchased at an average price of GBX 443 per share, with a total value of £9,994.08.

Zotefoams Stock Performance

Zotefoams stock opened at GBX 443 on Monday. The company has a market cap of £217.88 million, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24. Zotefoams plc has a 12 month low of GBX 318.55 and a 12 month high of GBX 479.88. The company has a debt-to-equity ratio of 44.93, a current ratio of 1.07 and a quick ratio of 0.67. The stock’s 50-day moving average is GBX 440.36 and its 200-day moving average is GBX 412.18.

Zotefoams (LON:ZTF) last issued its earnings results on Wednesday, August 5th. The company reported GBX 25.70 earnings per share (EPS) for the quarter. Zotefoams had a return on equity of 18.18% and a net margin of 13.88%.

Wall Street Analyst Weigh In

ZTF has been the subject of several recent research reports. Peel Hunt reissued a “buy” rating and issued a GBX 550 price objective on shares of Zotefoams in a research report on Wednesday, August 5th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 590 price target on shares of Zotefoams in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 605.

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.