Zotefoams (LON:ZTF) Shares Cross Below Two Hundred Day Moving Average of $478.03

Zotefoams plc (LON:ZTF)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $478.03 and traded as low as $400.00. Zotefoams shares last traded at $404.00, with a volume of 20,688 shares trading hands.

Separately, Peel Hunt dropped their target price on Zotefoams from GBX 630 ($8.29) to GBX 540 ($7.10) and set a “buy” rating on the stock in a research report on Tuesday.

The stock has a 50-day moving average of GBX 439.39 and a 200-day moving average of GBX 473.17. The firm has a market cap of $195.14 million and a price-to-earnings ratio of 21.51. The company has a debt-to-equity ratio of 34.07, a quick ratio of 1.66 and a current ratio of 2.57.

About Zotefoams (LON:ZTF)

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polymer foam in the United Kingdom and Eire, Continental Europe, North America, and internationally. The company operates through Polyolefins, High-Performance Products (HPP), and MuCell Extrusion LLC (MEL) segments. It offers AZOTE family of polyolefin foams under the Plastazote, Evazote, and Supazote brands; and ZOTEK range of high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK F, ZOTEK N, and ZOTEK PEBA brand names.

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