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

Essentra plc (LON:ESNT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 102 and traded as low as GBX 92.30. Essentra shares last traded at GBX 94, with a volume of 6,965,179 shares trading hands.

Wall Street Analyst Weigh In

ESNT has been the subject of a number of recent research reports. Peel Hunt restated a “buy” rating and issued a GBX 230 price objective on shares of Essentra in a research note on Tuesday, July 29th. Berenberg Bank lowered their target price on shares of Essentra from GBX 170 to GBX 160 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 175 price target on shares of Essentra in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Essentra currently has an average rating of “Buy” and an average target price of GBX 188.33.

Essentra Stock Performance

The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89. The stock has a market cap of £265.93 million, a price-to-earnings ratio of 28.24, a PEG ratio of 3.84 and a beta of 1.18. The stock’s fifty day moving average is GBX 103.56 and its 200-day moving average is GBX 102.02.

About Essentra

Essentra plc is a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items.

Headquartered in the United Kingdom, Essentra’s global network extends to 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 distribution centres and 37 sales & service centres serving c.64,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy.