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

Key Points

• Zotefoams shares fell below their 200‑day moving average on Friday, trading as low as GBX 395.39 versus the 200‑day at GBX 399.77, on a volume of 213,587 shares.
• Analyst sentiment is bullish: three analysts rate the stock a Buy, with recent target upgrades from Berenberg (to GBX 590) and Canaccord (to GBX 675) and a consensus target of GBX 605.
• The company trades with a market cap of £195.5m, a P/E of 8.91 and PEG of 0.66, reported quarterly EPS of GBX 38 and ROE of 18.25%, though liquidity is modest (current ratio 1.02) and debt/equity is 43.83.

Zotefoams plc (LON:ZTF - Get Free Report) shares 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.

Wall Street Analyst Weigh In

A number of research firms have commented on ZTF. Berenberg Bank boosted their target price on Zotefoams from GBX 540 to GBX 590 and gave the stock a "buy" rating in a research report on Tuesday, January 27th. Canaccord Genuity Group boosted their target price on Zotefoams from GBX 640 to GBX 675 and gave the stock a "buy" rating in a research report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 605.

Zotefoams Stock Performance

The company has a market capitalization of £195.50 million, a price-to-earnings ratio of 8.91, a PEG ratio of 0.66 and a beta of 1.20. The stock has a fifty day moving average price of GBX 384.32 and a two-hundred day moving average price 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 - Get Free Report) last posted its quarterly earnings data 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.