Zotefoams (LON:ZTF) Shares Up 2.6% - Here's What Happened

Key Points

• Zotefoams plc shares increased by 2.6% during mid-day trading, with trading volume rising by 81% compared to the average daily volume.
• The stock closed at GBX 278 ($3.69), showing a notable increase from the previous close of GBX 271 ($3.60).
• Zotefoams specializes in manufacturing polyolefin block foams and operates through various segments, including High-Performance Products and MuCell Extrusion LLC.

Zotefoams plc (LON:ZTF - Get Free Report) was up 2.6% during trading on Tuesday . The stock traded as high as GBX 284 ($3.82) and last traded at GBX 278 ($3.74). Approximately 194,017 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 106,931 shares. The stock had previously closed at GBX 271 ($3.64).

Zotefoams Stock Down 0.5%

The company has a market capitalization of £181.33 million, a P/E ratio of 18.25, a price-to-earnings-growth 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 stock's fifty day moving average is GBX 313.50 and its 200 day moving average is GBX 288.58.

Zotefoams (LON:ZTF - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX 19.99 ($0.27) earnings per share (EPS) for the quarter. Zotefoams had a net margin of 7.45% and a return on equity of 8.42%.

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.