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Zotefoams (LON:ZTF) Stock Passes Below 200-Day Moving Average - Here's Why

Zotefoams logo with Basic Materials background

Zotefoams plc (LON:ZTF - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 312.39 ($4.16) and traded as low as GBX 246 ($3.28). Zotefoams shares last traded at GBX 246 ($3.28), with a volume of 13,222 shares changing hands.

Zotefoams Trading Down 5.0 %

The company has a market capitalization of £117.84 million, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The firm has a fifty day moving average price of GBX 264.27 and a 200-day moving average price of GBX 308.13. The company has a debt-to-equity ratio of 42.07, a quick ratio of 0.67 and a current ratio of 1.30.

Zotefoams (LON:ZTF - Get Free Report) last released its earnings results on Tuesday, March 18th. The company reported GBX 25.95 ($0.35) EPS for the quarter. Zotefoams had a net margin of 7.45% and a return on equity of 8.42%.

Zotefoams Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 1st will be paid a dividend of GBX 5.10 ($0.07) per share. The ex-dividend date of this dividend is Thursday, May 1st. This is a boost from Zotefoams's previous dividend of $2.38. This represents a yield of 1.92%. Zotefoams's dividend payout ratio is presently 33.89%.

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.

Further Reading

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