Essentra (LON:ESNT) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Essentra plc (LON:ESNT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 156.85 ($1.97) and traded as low as GBX 129.20 ($1.63). Essentra shares last traded at GBX 131.40 ($1.65), with a volume of 89,764 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Essentra from GBX 240 ($3.02) to GBX 200 ($2.52) and set a “buy” rating on the stock in a report on Tuesday, September 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 200 ($2.52) price objective on shares of Essentra in a research report on Thursday, October 24th.

Essentra Price Performance

The stock has a market capitalization of £377.88 million, a price-to-earnings ratio of 7,980.00, a P/E/G ratio of 3.84 and a beta of 1.18. 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 stock has a fifty day moving average of GBX 146.21 and a 200-day moving average of GBX 156.67.

About Essentra

Essentra plc manufactures and distributes plastic injection and vinyl dip moulded, and metal components worldwide. The company offers cable ties and conduit, and accessories; grommets, strain relief, and blanking plugs; cable glands and accessories; caps and plugs; card guides and pullers; circuit board hardware products; EMI suppression ferrite cores; fan accessories comprising filters and fan mounting accessories; screws and nuts; rivet and panel fasteners; barbed and push-fit fasteners; binder screws and snap fasteners; washers; spacers; brushes; feet; fibre management; and furniture fittings.