Shares of Essentra plc (LON:ESNT - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 120.05 ($1.63) and traded as low as GBX 97.70 ($1.32). Essentra shares last traded at GBX 100.20 ($1.36), with a volume of 472,715 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 170 ($2.30) price objective on shares of Essentra in a report on Wednesday.
Get Our Latest Report on Essentra
Essentra Price Performance
The stock has a market capitalization of £278.24 million, a price-to-earnings ratio of 79.74, a PEG ratio of 3.84 and a beta of 1.18. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97. The company has a 50 day moving average of GBX 96.86 and a 200 day moving average of GBX 119.40.
Essentra (LON:ESNT - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported GBX 8.50 ($0.12) EPS for the quarter. Essentra had a return on equity of 1.28% and a net margin of 1.13%. As a group, equities research analysts anticipate that Essentra plc will post 524.137931 EPS for the current year.
Essentra Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of GBX 1.55 ($0.02) per share. This is a boost from Essentra's previous dividend of $1.25. This represents a dividend yield of 1.41%. The ex-dividend date is Thursday, May 15th. Essentra's dividend payout ratio is currently 329.52%.
Insider Transactions at Essentra
In other news, insider Rowan Baker bought 10,036 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of GBX 104 ($1.41) per share, with a total value of £10,437.44 ($14,129.47). Also, insider Steve Good bought 35,000 shares of the firm'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, with a total value of £38,150 ($51,644.78). 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.
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