Zotefoams (LON:ZTF) Stock Crosses Below 200-Day Moving Average - Here's Why

Zotefoams plc (LON:ZTF - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 456.41 ($5.93) and traded as low as GBX 401 ($5.21). Zotefoams shares last traded at GBX 401 ($5.21), with a volume of 8,337 shares traded.

Zotefoams Trading Down 6.2 %

The firm has a market capitalization of £182.74 million, a PE ratio of 1,880.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.40. The firm's 50-day simple moving average is GBX 435.76 and its 200-day simple moving average is GBX 456.41. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 43.67.

Zotefoams Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, October 7th. Investors of record on Thursday, September 5th were given a dividend of GBX 2.38 ($0.03) per share. The ex-dividend date was Thursday, September 5th. This represents a yield of 0.48%. Zotefoams's payout ratio is 3,500.00%.

Zotefoams Company Profile

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.