Essentra (LON:ESNT) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Essentra plc (LON:ESNT)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 155.37 ($1.93) and traded as low as GBX 129.18 ($1.60). Essentra shares last traded at GBX 130.40 ($1.62), with a volume of 220,563 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.48) price target on shares of Essentra in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Essentra from GBX 240 ($2.98) to GBX 200 ($2.48) and set a “buy” rating on the stock in a report on Tuesday, September 17th.

Essentra Stock Performance

The firm has a fifty day moving average price of GBX 144.17 and a 200 day moving average price of GBX 155.27. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89. The firm has a market cap of £374.43 million, a PE ratio of 7,980.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18.

About Essentra

Essentra plc manufactures and distributes plastic injection and vinyl dip moulded, and metal components worldwide. The company offers cable ties and conduit, and accessories; grommets, strain relief, and blanking plugs; cable glands and accessories; caps and plugs; card guides and pullers; circuit board hardware products; EMI suppression ferrite cores; fan accessories comprising filters and fan mounting accessories; screws and nuts; rivet and panel fasteners; barbed and push-fit fasteners; binder screws and snap fasteners; washers; spacers; brushes; feet; fibre management; and furniture fittings.