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

Key Points

• Zotefoams plc's stock has surpassed its 200-day moving average, indicating a possible upward trend, with shares traded at GBX 390 ($5.30).
• Analysts from Berenberg Bank have reaffirmed a "buy" rating for Zotefoams, with a target price of GBX 540, reflecting positive market sentiment.
• The company reported earnings of GBX 19.99 per share for the last quarter, showcasing a net margin of 7.45% and a return on equity of 8.42%.

Zotefoams plc (LON:ZTF - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 307.21 ($4.18) and traded as high as GBX 395.39 ($5.38). Zotefoams shares last traded at GBX 390 ($5.31), with a volume of 83,092 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 540 target price on shares of Zotefoams in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Zotefoams has a consensus rating of "Buy" and a consensus price target of GBX 540.

Zotefoams Trading Up 0.5%

The firm has a market capitalization of £189.55 million, a PE ratio of 33,826.09, a PEG ratio of 0.66 and a beta of 1.40. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 42.07. The business has a fifty day moving average price of GBX 363.85 and a two-hundred day moving average price of GBX 309.30.

Zotefoams (LON:ZTF - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported GBX 19.99 earnings per share 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.