Zotefoams (LON:ZTF) Shares Pass Below 200 Day Moving Average of $296.21

Zotefoams plc (LON:ZTFGet Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 296.21 ($3.58) and traded as low as GBX 256 ($3.09). Zotefoams shares last traded at GBX 256 ($3.09), with a volume of 8,974 shares changing hands.

Zotefoams Stock Down 3.4 %

The stock’s 50-day moving average is GBX 277.25 and its 200-day moving average is GBX 296.21. The stock has a market cap of ¬£124.47 million and a P/E ratio of 2,133.33. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 44.04.

Zotefoams Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 8th will be given a dividend of GBX 2.18 ($0.03) per share. The ex-dividend date is Thursday, September 8th. This represents a dividend yield of 0.89%. Zotefoams’s dividend payout ratio (DPR) is 54.17%.

Insider Activity

In other Zotefoams news, insider David Stirling acquired 15,000 shares of Zotefoams stock in a transaction dated Thursday, June 30th. The stock was bought at an average price of GBX 273 ($3.30) per share, for a total transaction of £40,950 ($49,480.43).

About Zotefoams

(Get Rating)

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, Continental 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 brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand.

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