Zotefoams (LON:ZTF) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Zotefoams plc (LON:ZTF)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 416.04 ($5.21) and traded as low as GBX 315 ($3.94). Zotefoams shares last traded at GBX 315 ($3.94), with a volume of 14,643 shares traded.

Zotefoams Price Performance

The company has a market capitalization of £153.09 million, a price-to-earnings ratio of 1,575.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The company has a debt-to-equity ratio of 43.67, a current ratio of 1.30 and a quick ratio of 0.67. The business has a fifty day moving average price of GBX 341.67 and a 200 day moving average price of GBX 415.33.

Insider Activity at Zotefoams

In related news, insider Ronan Cox purchased 3,204 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of GBX 310 ($3.88) per share, with a total value of £9,932.40 ($12,427.93). 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.