Essentra (LON:ESNT) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Essentra plc (LON:ESNT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 94.47 and traded as low as GBX 82.80. Essentra shares last traded at GBX 83.20, with a volume of 412,312 shares trading hands.

Analyst Ratings Changes

Several research firms have issued reports on ESNT. Berenberg Bank reiterated a “buy” rating and issued a GBX 160 target price on shares of Essentra in a research note on Thursday, March 19th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 130 price target on shares of Essentra in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 100 price target on shares of Essentra in a report on Thursday, May 21st. Finally, Royal Bank Of Canada lowered their price target on Essentra to GBX 130 and set an “outperform” rating for the company in a report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 150.

Essentra Stock Performance

The company has a debt-to-equity ratio of 47.67, a current ratio of 2.20 and a quick ratio of 0.50. The firm has a market cap of £233.13 million, a price-to-earnings ratio of 118.86, a P/E/G ratio of 3.84 and a beta of 0.80. The firm has a fifty day simple moving average of GBX 85.73 and a two-hundred day simple moving average of GBX 94.47.

Essentra (LON:ESNT) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 6.10 earnings per share for the quarter. Essentra had a return on equity of 0.79% and a net margin of 0.70%. On average, analysts expect that Essentra plc will post 524.137931 EPS for the current year.

Insider Transactions at Essentra

In other news, insider Scott Fawcett bought 17,483 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average price of GBX 86 per share, with a total value of £15,035.38. Also, insider Steve Good bought 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average cost of GBX 93 per share, with a total value of £37,200. Over the last three months, insiders bought 91,194 shares of company stock worth $8,208,359. 0.48% of the stock is owned by company insiders.

Essentra Company Profile

Essentra plc is a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items.

Headquartered in the United Kingdom, Essentra’s global network extends to 28 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 26 distribution centres and 37 sales & service centres serving c.64,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy.