Essentra (LON:ESNT) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Essentra plc's shares have fallen below their 200-day moving average, trading at GBX 102.20 ($1.37), which is below the average of GBX 105.94 ($1.42).
• Prominent analysts have maintained a "buy" rating for Essentra, with target prices ranging from GBX 170 ($2.27) to GBX 230 ($3.07).
• Essentra reported earnings of GBX 3.40 ($0.05) per share for the last quarter, and analysts predict the company will post a total of 524.14 earnings per share for the current fiscal year.

Essentra plc (LON:ESNT - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 105.94 ($1.42) and traded as low as GBX 101 ($1.36). Essentra shares last traded at GBX 102.20 ($1.37), with a volume of 435,379 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ESNT shares. Peel Hunt reissued a "buy" rating and issued a GBX 230 ($3.09) target price on shares of Essentra in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 175 ($2.35) price objective on shares of Essentra in a report on Wednesday, July 30th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 170 ($2.29) target price on shares of Essentra in a report on Tuesday, July 29th.

Essentra Stock Down 3.9%

The company has a market capitalization of £287.15 million, a P/E ratio of 82.30, a PEG ratio of 3.84 and a beta of 1.18. 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 50 day moving average price of GBX 104.02 and a 200 day moving average price of GBX 105.59.

Essentra (LON:ESNT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported GBX 3.40 ($0.05) earnings per share for the quarter. Essentra had a return on equity of 1.28% and a net margin of 1.13%. On average, research analysts anticipate that Essentra plc will post 524.137931 earnings per share for the current fiscal year.

Insider Activity at Essentra

In related news, insider Rowan Baker purchased 10,386 shares of the business's stock in a transaction on Friday, August 8th. The stock was acquired at an average price of GBX 104 ($1.40) per share, for a total transaction of £10,801.44 ($14,521.97). 0.99% of the stock is currently owned by corporate insiders.

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.