Essentra (LON:ESNT) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

Essentra plc (LON:ESNT - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 155.37 ($1.93) and traded as low as GBX 129.18 ($1.60). Essentra shares last traded at GBX 130.40 ($1.62), with a volume of 220,563 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ESNT shares. Berenberg Bank reiterated a "buy" rating and set a GBX 200 ($2.48) price objective on shares of Essentra in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Essentra from GBX 240 ($2.98) to GBX 200 ($2.48) and set a "buy" rating on the stock in a report on Tuesday, September 17th.

Essentra Stock Down 0.8 %

The firm has a market capitalization of £374.43 million, a price-to-earnings ratio of 7,980.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97. The business's 50 day moving average is GBX 144.17 and its 200-day moving average is GBX 155.27.

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.