Essentra (LON:ESNT) Stock Crosses Below Two Hundred Day Moving Average of $169.33

Essentra plc (LON:ESNT)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 169.33 ($2.26) and traded as low as GBX 149.80 ($2.00). Essentra shares last traded at GBX 150 ($2.01), with a volume of 902,792 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ESNT shares. Deutsche Bank Aktiengesellschaft dropped their target price on Essentra from GBX 240 ($3.21) to GBX 200 ($2.68) and set a “buy” rating for the company in a report on Tuesday, September 17th. Berenberg Bank lowered their price target on shares of Essentra from GBX 255 ($3.41) to GBX 200 ($2.68) and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group cut their price objective on shares of Essentra from GBX 260 ($3.48) to GBX 250 ($3.34) and set a “buy” rating for the company in a research report on Friday, July 12th.

Essentra Stock Down 1.8 %

The firm has a 50-day moving average of GBX 163.52 and a two-hundred day moving average of GBX 169.33. 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 company has a market capitalization of £431.22 million, a PE ratio of 7,980.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18.

Essentra Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be given a dividend of GBX 1.25 ($0.02) per share. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, September 19th.

Insider Activity at Essentra

In related news, insider Scott Fawcett purchased 10,479 shares of Essentra stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of GBX 142 ($1.90) per share, with a total value of £14,880.18 ($19,903.93). 0.99% of the stock is owned by insiders.

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.