Essentra (LON:ESNT) Share Price Crosses Above 50 Day Moving Average - What's Next?

Essentra plc (LON:ESNT - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 95.98 ($1.32) and traded as high as GBX 99.74 ($1.37). Essentra shares last traded at GBX 99.20 ($1.36), with a volume of 575,714 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 170 ($2.33) target price on shares of Essentra in a report on Wednesday, May 21st.

Essentra Trading Up 2.5%

The company has a quick ratio of 0.50, a current ratio of 1.97 and a debt-to-equity ratio of 51.89. The company has a market capitalization of £309.86 million, a P/E ratio of 88.80, a P/E/G ratio of 3.84 and a beta of 1.18. The firm's 50-day moving average price is GBX 96.61 and its 200 day moving average price is GBX 110.89.

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.