Essentra (LON:ESNT) Reaches New 12-Month Low – Here’s What Happened

Essentra plc (LON:ESNT) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 125.60 ($1.57) and last traded at GBX 125.60 ($1.57), with a volume of 435978 shares traded. The stock had previously closed at GBX 129.80 ($1.62).

Wall Street Analyst Weigh In

ESNT has been the topic of a number of research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 200 ($2.50) target price on shares of Essentra in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Essentra from GBX 240 ($2.99) to GBX 200 ($2.50) and set a “buy” rating on the stock in a research note on Tuesday, September 17th.

Essentra Stock Performance

The business has a 50 day moving average price of GBX 143.30 and a 200 day moving average price of GBX 154.65. 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 stock has a market capitalization of £360.65 million, a PE ratio of 7,980.00, a PEG ratio of 3.84 and a beta of 1.18.

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.