Essentra (LON:ESNT) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Essentra plc (LON:ESNT)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 163.40 ($2.07) and traded as low as GBX 151 ($1.92). Essentra shares last traded at GBX 151.60 ($1.92), with a volume of 252,520 shares changing hands.

Analysts Set New Price Targets

ESNT has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 200 ($2.54) target price on shares of Essentra in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Essentra from GBX 240 ($3.05) to GBX 200 ($2.54) and set a “buy” rating for the company in a research report on Tuesday, September 17th.

Essentra Trading Up 0.7 %

The business’s 50-day simple moving average is GBX 152.34 and its 200-day simple moving average is GBX 163.40. 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 company has a market cap of £438.18 million, a PE ratio of 7,980.00, a P/E/G ratio of 3.84 and a beta of 1.18.

Insider Buying and Selling

In other news, insider Scott Fawcett acquired 10,479 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of GBX 142 ($1.80) per share, for a total transaction of £14,880.18 ($18,883.48). 0.99% of the stock is owned by corporate insiders.

Essentra Company Profile

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.