Shares of Zotefoams plc (LON:ZTF - Get Free Report) were up 10.1% on Wednesday after the company announced a dividend. The company traded as high as GBX 299 ($3.86) and last traded at GBX 292.80 ($3.78). Approximately 556,915 shares traded hands during trading, an increase of 401% from the average daily volume of 111,145 shares. The stock had previously closed at GBX 266 ($3.43).
The newly announced dividend which will be paid on Monday, June 2nd. Investors of record on Thursday, May 1st will be issued a GBX 5.10 ($0.07) dividend. This is an increase from Zotefoams's previous dividend of $2.38. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, May 1st. Zotefoams's payout ratio is 33.89%.
Zotefoams Trading Up 2.8 %
The firm has a market cap of £141.89 million, a P/E ratio of 14.28, 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 290.14 and its 200 day simple moving average is GBX 340.04. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07.
Zotefoams (LON:ZTF - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported GBX 25.95 ($0.34) earnings per share (EPS) for the quarter. Zotefoams had a return on equity of 8.42% and a net margin of 7.45%.
Insider Buying and Selling
In other news, insider Ronan Cox bought 3,204 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of GBX 310 ($4.00) per share, for a total transaction of £9,932.40 ($12,825.93). 18.96% of the stock is currently owned by company insiders.
About Zotefoams
(
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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.
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