Zotefoams (LON:ZTF) Shares Cross Below 200 Day Moving Average – Here’s Why

Zotefoams plc (LON:ZTF) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 381.10 ($4.71) and traded as low as GBX 292 ($3.61). Zotefoams shares last traded at GBX 296 ($3.66), with a volume of 61,007 shares changing hands.

Zotefoams Trading Down 2.0 %

The stock has a market capitalization of £140.94 million, a PE ratio of 1,450.00, a P/E/G ratio of 0.66 and a beta of 1.40. The company’s 50 day moving average price is GBX 313.40 and its two-hundred day moving average price is GBX 381.10. The company has a debt-to-equity ratio of 43.67, a current ratio of 1.30 and a quick ratio of 0.67.

Insider Buying and Selling at Zotefoams

In related news, insider Ronan Cox bought 3,204 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of GBX 310 ($3.83) per share, for a total transaction of £9,932.40 ($12,274.35). 18.96% of the stock is owned by insiders.

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.