Zotefoams (LON:ZTF) Hits New 1-Year High – Should You Buy?

Zotefoams plc (LON:ZTF)’s share price reached a new 52-week high on Thursday. The company 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.

Analyst Ratings Changes

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

Zotefoams Stock Up 7.3%

The company’s fifty day simple moving average is GBX 441.93 and its 200-day simple moving average is GBX 424.20. The company has a debt-to-equity ratio of 44.93, a current ratio of 1.07 and a quick ratio of 0.67. The firm has a market capitalization of £246.51 million, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24.

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

Insider Buying and Selling

In other news, insider Lynn Drummond purchased 2,256 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of GBX 443 per share, with a total value of £9,994.08. In the last 90 days, insiders purchased 2,325 shares of company stock valued at $1,029,492. Corporate 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.