Essentra (LON:ESNT) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Essentra plc (LON:ESNT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 109.62 ($1.50) and traded as low as GBX 1.07 ($0.01). Essentra shares last traded at GBX 109.60 ($1.50), with a volume of 6,755,072 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 170 ($2.32) price target on shares of Essentra in a research report on Wednesday, May 21st.

Essentra Stock Performance

The company has a fifty day moving average of GBX 98.71 and a two-hundred day moving average of GBX 109.30. 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 market cap of £330.55 million, a price-to-earnings ratio of 94.74, a P/E/G ratio of 3.84 and a beta of 1.18.

Essentra Company Profile

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.