Insider Buying: Zotefoams (LON:ZTF) Insider Acquires 39 Shares of Stock

Key Points

• Ronan Cox, an insider at Zotefoams, purchased 39 shares of stock at £152.88, adding to his previous buys of 40 and 48 shares in prior months.
• Zotefoams' stock recently traded at GBX 393, reflecting a slight increase, with a market capitalization of £191.50 million and a P/E ratio of 34,173.91.
• Analysts at Berenberg Bank reissued a "buy" rating for Zotefoams with a target price of GBX 540, indicating positive sentiment towards the company's growth potential.

Zotefoams plc (LON:ZTF - Get Free Report) insider Ronan Cox bought 39 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average cost of GBX 392 per share, for a total transaction of £152.88.

Ronan Cox also recently made the following trade(s):

• On Monday, August 11th, Ronan Cox purchased 40 shares of Zotefoams stock. The stock was bought at an average price of GBX 370 per share, for a total transaction of £148.
• On Friday, July 11th, Ronan Cox purchased 48 shares of Zotefoams stock. The shares were bought at an average cost of GBX 316 per share, with a total value of £151.68.

Zotefoams Price Performance

Shares of Zotefoams stock traded down GBX 1 during trading on Wednesday, hitting GBX 388. 170,493 shares of the company were exchanged, compared to its average volume of 121,566. 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 plc has a fifty-two week low of GBX 222 and a fifty-two week high of GBX 447. The stock has a market capitalization of £189.06 million, a price-to-earnings ratio of 33,739.13, a P/E/G ratio of 0.66 and a beta of 1.40. The firm has a 50 day moving average price of GBX 367 and a 200 day moving average price of GBX 310.39.

Zotefoams (LON:ZTF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported GBX 19.99 earnings per share for the quarter. Zotefoams had a net margin of 7.45% and a return on equity of 8.42%.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 540 price objective on shares of Zotefoams in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 540.

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.