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

Essentra plc (LON:ESNT)’s stock 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 changing hands.

Analyst Ratings Changes

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

Essentra Price Performance

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

Insiders Place Their Bets

In related news, insider Scott Fawcett sold 55,301 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of GBX 176 ($2.23), for a total transaction of £97,329.76 ($123,467.92). Corporate insiders own 4.00% of the company’s stock.

About Essentra

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.