Essentra (LON:ESNT) Share Price Crosses Below 200 Day Moving Average of $170.65

Essentra plc (LON:ESNT)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 170.65 ($2.16) and traded as low as GBX 160.69 ($2.04). Essentra shares last traded at GBX 162.60 ($2.06), with a volume of 388,152 shares trading hands.

Analysts Set New Price Targets

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

Essentra Trading Down 0.5 %

The firm has a 50 day moving average of GBX 173.60 and a 200 day moving average of GBX 170.58. The company has a quick ratio of 0.50, a current ratio of 1.65 and a debt-to-equity ratio of 46.27. The firm has a market cap of £457.44 million, a PE ratio of 7,940.00, a P/E/G ratio of 3.84 and a beta of 1.18.

Insider Transactions at Essentra

In other Essentra news, insider Scott Fawcett sold 55,301 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 176 ($2.23), for a total transaction of £97,329.76 ($123,467.92). Insiders own 4.00% of the company’s stock.

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.