Essentra (LON:ESNT) Stock Price Passes Below Two Hundred Day Moving Average of $170.74

Essentra plc (LON:ESNT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 170.74 ($2.16) and traded as low as GBX 162.49 ($2.06). Essentra shares last traded at GBX 162.80 ($2.06), with a volume of 305,837 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 255 ($3.23) price objective on shares of Essentra in a research report on Thursday, May 23rd.

Essentra Price Performance

The stock has a market capitalization of £483.94 million, a P/E ratio of 8,140.00, a PEG ratio of 3.84 and a beta of 1.18. The company has a debt-to-equity ratio of 46.27, a quick ratio of 0.50 and a current ratio of 1.65. The business has a fifty day simple moving average of GBX 172.51 and a 200-day simple moving average of GBX 170.74.

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.