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Essentra (LON:ESNT) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Essentra logo with Basic Materials background

Essentra plc (LON:ESNT - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 108.02 ($1.45) and traded as low as GBX 103.40 ($1.39). Essentra shares last traded at GBX 104.20 ($1.40), with a volume of 483,970 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 170 ($2.28) target price on shares of Essentra in a research report on Wednesday, May 21st.

Check Out Our Latest Report on ESNT

Essentra Stock Performance

The stock has a 50-day moving average price of GBX 102.33 and a 200 day moving average price of GBX 108.02. 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 firm has a market capitalization of £299.51 million, a price-to-earnings ratio of 85.84, a P/E/G ratio of 3.84 and a beta of 1.18.

About Essentra

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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