Essentra (LON:ESNT) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Essentra plc (LON:ESNT) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 146.23 ($1.84) and traded as low as GBX 121 ($1.53). Essentra shares last traded at GBX 125.60 ($1.58), with a volume of 1,406,702 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.52) price target on shares of Essentra in a research report on Thursday, October 24th.

Essentra Price Performance

The firm has a market capitalization of £361.02 million, a PE ratio of 103.47, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The business has a 50-day moving average of GBX 127.35 and a 200 day moving average of GBX 146.23. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89.

Essentra Company Profile