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

Essentra logo with Basic Materials background

Shares of Essentra plc (LON:ESNT - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 148.48 ($1.84) and traded as low as GBX 120.40 ($1.49). Essentra shares last traded at GBX 123.40 ($1.53), with a volume of 2,282,771 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 200 ($2.48) price objective on shares of Essentra in a research report on Thursday, October 24th.

Check Out Our Latest Analysis on ESNT

Essentra Trading Down 0.3 %

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 company has a market capitalization of £356.63 million, a PE ratio of 7,980.00, a P/E/G ratio of 3.84 and a beta of 1.18. The business has a fifty day moving average price of GBX 129.92 and a 200 day moving average price of GBX 148.04.

About Essentra

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