Essentra (LON:ESNT) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Essentra plc (LON:ESNT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 156.85 ($1.97) and traded as low as GBX 129.20 ($1.62). Essentra shares last traded at GBX 131.40 ($1.65), with a volume of 89,764 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ESNT. Berenberg Bank reissued a “buy” rating and set a GBX 200 ($2.51) price target on shares of Essentra in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Essentra from GBX 240 ($3.01) to GBX 200 ($2.51) and set a “buy” rating for the company in a report on Tuesday, September 17th.

Essentra Price Performance

The company has a debt-to-equity ratio of 51.89, a current ratio of 1.97 and a quick ratio of 0.50. The firm has a market capitalization of £377.30 million, a PE ratio of 7,980.00, a P/E/G ratio of 3.84 and a beta of 1.18. The company has a 50-day moving average price of GBX 146.62 and a 200-day moving average price of GBX 156.85.

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.