Zotefoams (LON:ZTF) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Zotefoams plc shares surpassed their 200-day moving average during trading, indicating positive momentum, with the stock last trading at GBX 421 ($5.66).
• The company reported a debt-to-equity ratio of 42.07 and a net margin of 7.45%, showcasing its financial stability.
• In the most recent earnings report, Zotefoams achieved earnings per share of GBX 19.99 with a return on equity of 8.42%.

Zotefoams plc (LON:ZTF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 294.28 ($3.98) and traded as high as GBX 430 ($5.81). Zotefoams shares last traded at GBX 421 ($5.69), with a volume of 177,011 shares traded.

Zotefoams Stock Up 2.7%

The company has a debt-to-equity ratio of 42.07, a current ratio of 1.30 and a quick ratio of 0.67. The business has a 50 day simple moving average of GBX 334.30 and a 200 day simple moving average of GBX 296.02. The company has a market capitalization of £202.01 million, a price-to-earnings ratio of 20.33, a PEG ratio of 0.66 and a beta of 1.40.

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

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.