Essentra (LON:ESNT) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Essentra plc (LON:ESNT) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 101.95 and traded as low as GBX 92. Essentra shares last traded at GBX 93.10, with a volume of 350,615 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ESNT shares. Jefferies Financial Group dropped their price target on shares of Essentra from GBX 170 to GBX 150 and set a “buy” rating on the stock in a research note on Monday, November 10th. Berenberg Bank dropped their target price on Essentra from GBX 170 to GBX 160 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 178.75.

Essentra Trading Down 0.7%

The firm’s 50 day moving average is GBX 96.05 and its 200 day moving average is GBX 101.95. The company has a debt-to-equity ratio of 51.89, a current ratio of 1.97 and a quick ratio of 0.50. The company has a market cap of £263.60 million, a PE ratio of 28.01, a PEG ratio of 3.84 and a beta of 1.18.

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.