Essentra plc (LON:ESNT - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 115.86 ($1.57) and traded as low as GBX 94 ($1.27). Essentra shares last traded at GBX 96.60 ($1.31), with a volume of 3,591,728 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 170 ($2.30) price objective on shares of Essentra in a report on Wednesday, May 21st.
Get Our Latest Research Report on Essentra
Essentra Stock Down 0.6%
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 business has a fifty day simple moving average of GBX 95.07 and a two-hundred day simple moving average of GBX 115.01. The company has a market cap of £284.56 million, a PE ratio of 81.56, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18.
Essentra (LON:ESNT - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported GBX 8.50 ($0.12) earnings per share for the quarter. Essentra had a net margin of 1.13% and a return on equity of 1.28%. As a group, equities research analysts predict that Essentra plc will post 524.137931 earnings per share for the current year.
Essentra Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, May 15th will be paid a GBX 1.55 ($0.02) dividend. This represents a yield of 1.41%. This is a positive change from Essentra's previous dividend of $1.25. The ex-dividend date is Thursday, May 15th. Essentra's dividend payout ratio (DPR) is 329.52%.
Insider Transactions at Essentra
In other news, insider Steve Good acquired 35,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of GBX 109 ($1.48) per share, for a total transaction of £38,150 ($51,700.77). Also, insider Rowan Baker bought 10,036 shares of Essentra stock in a transaction on Monday, March 24th. The shares were purchased at an average cost of GBX 104 ($1.41) per share, for a total transaction of £10,437.44 ($14,144.79). Insiders own 0.99% of the company's stock.
About Essentra
(
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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.
Further Reading
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