Zotefoams (LON:ZTF) Stock Passes Above 200 Day Moving Average of $349.64

Zotefoams plc (LON:ZTF) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 349.64 ($4.39) and traded as high as GBX 439.16 ($5.52). Zotefoams shares last traded at GBX 411 ($5.16), with a volume of 153,504 shares.

Zotefoams Price Performance

The stock has a market cap of £209.83 million, a P/E ratio of 2,163.16, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. The company has a current ratio of 1.42, a quick ratio of 0.67 and a debt-to-equity ratio of 32.71. The company’s fifty day simple moving average is GBX 371.28 and its 200-day simple moving average is GBX 349.64.

Zotefoams Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a GBX 4.90 ($0.06) dividend. This represents a yield of 1.46%. The ex-dividend date is Thursday, May 2nd. This is a positive change from Zotefoams’s previous dividend of $2.28. Zotefoams’s dividend payout ratio is 3,684.21%.

Insider Buying and Selling at Zotefoams

In related news, insider Malcolm Swift bought 5,419 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was acquired at an average cost of GBX 394 ($4.95) per share, with a total value of £21,350.86 ($26,822.69). Over the last ninety days, insiders have purchased 5,503 shares of company stock valued at $2,165,086. 18.63% of the stock is currently owned by corporate 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.