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

Shares of Essentra plc (LON:ESNT) 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ESNT shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 200 ($2.52) target price on shares of Essentra in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Essentra from GBX 240 ($3.02) to GBX 200 ($2.52) and set a “buy” rating on the stock in a research note on Tuesday, September 17th.

Essentra Stock Up 0.2 %

The company has a market capitalization of £377.88 million, a PE ratio of 7,980.00, a P/E/G 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 firm has a 50 day simple moving average of GBX 146.21 and a two-hundred day simple moving average of GBX 156.67.

Essentra Company Profile

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.