Zotefoams (LON:ZTF) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Zotefoams plc (LON:ZTF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 390.50 ($4.84) and traded as low as GBX 306 ($3.79). Zotefoams shares last traded at GBX 306 ($3.79), with a volume of 53,713 shares trading hands.

Zotefoams Stock Down 3.8 %

The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 43.67. The business has a fifty day simple moving average of GBX 320.62 and a two-hundred day simple moving average of GBX 390.50. The company has a market cap of £148.72 million, a PE ratio of 1,530.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40.

Insider Activity

In related news, insider Ronan Cox purchased 3,204 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of GBX 310 ($3.84) per share, for a total transaction of £9,932.40 ($12,309.33). Company insiders own 18.96% of the company’s stock.

Zotefoams Company Profile

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.