Zotefoams (LON:ZTF) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Zotefoams plc (LON:ZTF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 403.44 ($4.91) and traded as low as GBX 300 ($3.65). Zotefoams shares last traded at GBX 310 ($3.77), with a volume of 37,117 shares traded.

Zotefoams Trading Up 1.0 %

The firm has a market capitalization of £147.26 million, a price-to-earnings ratio of 1,515.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 43.67. The firm’s 50 day moving average is GBX 327.34 and its 200 day moving average is GBX 401.73.

Insider Activity

In other news, insider Ronan Cox acquired 3,204 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of GBX 310 ($3.77) per share, for a total transaction of £9,932.40 ($12,084.68). Insiders own 18.96% of the company’s stock.

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.