Essentra (OTCMKTS:FLRAF) Reaches New 52-Week Low at $2.25

Essentra plc (OTCMKTS:FLRAF – Get Rating) hit a new 52-week low on Friday . The company traded as low as $2.25 and last traded at $2.25, with a volume of 600 shares changing hands. The stock had previously closed at $2.55.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank of Canada began coverage on Essentra in a research report on Tuesday. They issued an “outperform” rating on the stock. Berenberg Bank reduced their price objective on Essentra from GBX 295 ($3.67) to GBX 255 ($3.17) in a research report on Thursday, March 30th. Finally, Liberum Capital began coverage on Essentra in a research report on Thursday, April 20th. They set a “buy” rating for the company.

Essentra Stock Down 11.8 %

The firm’s 50 day moving average price is $2.51 and its 200-day moving average price is $2.83.

Essentra Company Profile

(Get Rating)

Essentra plc provides essential components and solutions worldwide. The Components division manufactures and distributes plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions comprising caps and plugs, wire and cable management products, flange protection products, knobs, handles and grips, PCB and electronics hardware, and tools and precision instruments for a range of applications and industries that are used in protection and finish products.