Essentra (LON:ESNT) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Essentra plc (LON:ESNT)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 102.08 and traded as low as GBX 97.60. Essentra shares last traded at GBX 98.80, with a volume of 629,868 shares changing hands.

Analyst Ratings Changes

ESNT has been the subject of several research reports. Jefferies Financial Group reduced their price objective on Essentra from GBX 170 to GBX 150 and set a “buy” rating for the company in a research note on Monday, November 10th. Berenberg Bank reduced their target price on Essentra from GBX 170 to GBX 160 and set a “buy” rating for the company in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 178.75.

Essentra Stock Performance

The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89. The stock has a market capitalization of £283.91 million, a PE ratio of 30.15, a PEG ratio of 3.84 and a beta of 1.18. The firm’s 50-day simple moving average is GBX 101.92 and its two-hundred day simple moving average is GBX 102.08.

About Essentra

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.