Zotefoams (LON:ZTF) Sets New 1-Year High – What’s Next?

Shares of Zotefoams plc (LON:ZTF) hit a new 52-week high on Thursday. The stock traded as high as GBX 480 and last traded at GBX 466, with a volume of 508,393 shares. The stock had previously closed at GBX 470.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZTF. Berenberg Bank restated a “buy” rating and issued a GBX 590 target price on shares of Zotefoams in a research note on Wednesday. Peel Hunt reiterated a “buy” rating and issued a GBX 550 price target on shares of Zotefoams in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 605.

Zotefoams Price Performance

The stock has a market capitalization of £229.75 million, a P/E ratio of 9.27, a PEG ratio of 0.66 and a beta of 1.24. The company has a 50 day moving average of GBX 439.63 and a 200-day moving average of GBX 422.74. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 44.93.

Zotefoams (LON:ZTF) last released its earnings results on Wednesday, August 5th. The company reported GBX 25.70 earnings per share for the quarter. Zotefoams had a net margin of 13.88% and a return on equity of 18.18%.

Insider Activity at Zotefoams

In other Zotefoams news, insider Lynn Drummond acquired 2,256 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of GBX 443 per share, with a total value of £9,994.08. Over the last ninety days, insiders have bought 2,325 shares of company stock valued at $1,029,492. Insiders own 4.52% 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.