Zotefoams (LON:ZTF) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Zotefoams plc (LON:ZTF) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 397.53 ($4.91) and traded as low as GBX 303.18 ($3.74). Zotefoams shares last traded at GBX 310 ($3.83), with a volume of 371,789 shares traded.

Zotefoams Price Performance

The firm’s 50-day moving average price is GBX 323.80 and its two-hundred day moving average price is GBX 397.53. The stock has a market cap of £150.66 million, a PE ratio of 1,550.00, a PEG 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 43.67.

Insider Activity at Zotefoams

In other Zotefoams news, insider Ronan Cox acquired 3,204 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of GBX 310 ($3.83) per share, with a total value of £9,932.40 ($12,268.28). 18.96% of the stock is currently owned by insiders.

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.