Essentra (LON:ESNT) Share Price Crosses Below 200 Day Moving Average of $413.51

Essentra PLC (LON:ESNT) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $413.51 and traded as low as $406.00. Essentra shares last traded at $408.40, with a volume of 53,398 shares traded.

A number of analysts recently issued reports on the company. Peel Hunt restated a “buy” rating on shares of Essentra in a research report on Friday, October 25th. Deutsche Bank restated a “buy” rating on shares of Essentra in a research report on Monday, October 28th. Finally, Jefferies Financial Group upgraded Essentra to a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Essentra presently has an average rating of “Buy” and an average target price of GBX 483.33 ($6.32).

The company has a quick ratio of 1.18, a current ratio of 1.54 and a debt-to-equity ratio of 76.07. The business has a 50 day simple moving average of GBX 411.84 and a two-hundred day simple moving average of GBX 413.51. The firm has a market cap of $1.07 billion and a PE ratio of 27.13.

In other Essentra news, insider Nicki Demby bought 750 shares of Essentra stock in a transaction on Wednesday, August 14th. The shares were acquired at an average price of GBX 404 ($5.28) per share, for a total transaction of £3,030 ($3,959.23).

About Essentra (LON:ESNT)

Essentra plc manufactures and sells specialist plastic, fiber, foam, and packaging products worldwide. It operates through four divisions: Component, Packaging, Filter Products, and Specialist Components. The Component division offers plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions for protection and finishing purposes.

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