Essentra plc (LON:ESNT – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 274.33 ($3.31) and traded as low as GBX 193 ($2.33). Essentra shares last traded at GBX 198 ($2.39), with a volume of 157,633 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reduced their target price on Essentra from GBX 350 ($4.23) to GBX 310 ($3.75) and set a “buy” rating for the company in a research note on Tuesday, August 23rd.
Essentra Price Performance
The company has a 50 day moving average of GBX 224.45 and a 200-day moving average of GBX 274.33. The firm has a market capitalization of £597.35 million and a P/E ratio of 6,600.00. The company has a current ratio of 1.41, a quick ratio of 0.50 and a debt-to-equity ratio of 96.80.
Essentra Cuts Dividend
Essentra Company Profile
Essentra plc provides essential components and solutions worldwide. The Components division manufactures and distributes plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions comprising caps and plugs, wire and cable management products, flange protection products, knobs, handles and grips, PCB and electronics hardware, and tools and precision instruments for a range of applications and industries that are used in protection and finish products.
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