Essentra (LON:ESNT) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Essentra plc (LON:ESNT) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 165.66 ($2.15) and traded as low as GBX 147.40 ($1.91). Essentra shares last traded at GBX 148.40 ($1.92), with a volume of 437,064 shares.

Wall Street Analysts Forecast Growth

ESNT has been the subject of a number of analyst reports. Jefferies Financial Group decreased their price objective on Essentra from GBX 260 ($3.37) to GBX 250 ($3.24) and set a “buy” rating for the company in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Essentra from GBX 240 ($3.11) to GBX 200 ($2.59) and set a “buy” rating for the company in a research note on Tuesday, September 17th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.59) target price on shares of Essentra in a research report on Thursday, October 24th.

Essentra Stock Down 0.4 %

The company has a market capitalization of £426.12 million, a price-to-earnings ratio of 7,980.00, a P/E/G ratio of 3.84 and a beta of 1.18. The business’s 50-day moving average is GBX 158.03 and its 200-day moving average is GBX 165.66. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89.

Insider Activity at Essentra

In other news, insider Scott Fawcett acquired 10,479 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of GBX 142 ($1.84) per share, for a total transaction of £14,880.18 ($19,297.34). 0.99% of the stock is owned by company insiders.

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.