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Zotefoams (LON:ZTF) Stock Price Passes Below 200 Day Moving Average - What's Next?

Zotefoams logo with Basic Materials background

Zotefoams plc (LON:ZTF - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 295.08 ($3.99) and traded as low as GBX 272.32 ($3.68). Zotefoams shares last traded at GBX 275 ($3.72), with a volume of 91,371 shares.

Zotefoams Stock Up 5.4%

The company has a market capitalization of £149.10 million, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The firm's 50-day simple moving average is GBX 262.41 and its 200-day simple moving average is GBX 293.51. 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 issued its earnings results on Tuesday, March 18th. The company reported GBX 25.95 ($0.35) EPS for the quarter. Zotefoams had a return on equity of 8.42% and a net margin of 7.45%.

Zotefoams Increases Dividend

The business also recently disclosed 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. This is a positive change from Zotefoams's previous dividend of $2.38. This represents a yield of 1.92%. The ex-dividend date is Thursday, May 1st. Zotefoams's dividend payout ratio is currently 33.89%.

About Zotefoams

(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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