Essentra (LON:ESNT) Stock Crosses Below 200-Day Moving Average of $170.65

Essentra plc (LON:ESNT)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 170.65 ($2.16) and traded as low as GBX 160.69 ($2.04). Essentra shares last traded at GBX 162.60 ($2.06), with a volume of 388,152 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 255 ($3.23) target price on shares of Essentra in a research note on Thursday, May 23rd.

Essentra Price Performance

The company has a market capitalization of £468.39 million, a price-to-earnings ratio of 8,130.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The company has a debt-to-equity ratio of 46.27, a current ratio of 1.65 and a quick ratio of 0.50. The business has a fifty day moving average price of GBX 173.95 and a 200 day moving average price of GBX 170.65.

Insider Activity

In related news, insider Scott Fawcett sold 55,301 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 176 ($2.23), for a total value of £97,329.76 ($123,467.92). Corporate insiders own 4.00% of the company’s stock.

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.