Essentra (LON:ESNT) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Essentra plc (LON:ESNT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 164.61 ($2.14) and traded as low as GBX 154 ($2.00). Essentra shares last traded at GBX 155.80 ($2.03), with a volume of 1,899,496 shares changing hands.

Analyst Ratings Changes

ESNT has been the subject of a number of recent research reports. Berenberg Bank reissued a “buy” rating and set a GBX 200 ($2.60) price target on shares of Essentra in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Essentra from GBX 240 ($3.12) to GBX 200 ($2.60) and set a “buy” rating for the company in a research report on Tuesday, September 17th.

Essentra Stock Performance

The company has a market capitalization of £447.36 million, a PE ratio of 7,980.00, a PEG ratio of 3.84 and a beta of 1.18. The firm has a 50-day moving average of GBX 154.48 and a two-hundred day moving average of GBX 164.50. The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89.

Insider Activity

In other news, insider Scott Fawcett acquired 10,479 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of GBX 142 ($1.85) per share, for a total transaction of £14,880.18 ($19,370.19). Insiders own 0.99% 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.