Essentra (LON:ESNT) Share Price Passes Below 200-Day Moving Average of $181.90

Essentra plc (LON:ESNT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 181.90 ($2.30) and traded as low as GBX 145.20 ($1.83). Essentra shares last traded at GBX 147.40 ($1.86), with a volume of 301,199 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 300 ($3.79) price objective on shares of Essentra in a research note on Tuesday, May 16th.

Essentra Stock Performance

The firm’s 50 day moving average price is GBX 156.99 and its two-hundred day moving average price is GBX 181.90. The company has a debt-to-equity ratio of 39.32, a quick ratio of 0.50 and a current ratio of 1.76. The firm has a market cap of £430.57 million, a PE ratio of -2,948.00, a PEG ratio of 3.84 and a beta of 1.23.

Essentra Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 27th. Stockholders of record on Thursday, September 21st will be issued a GBX 1.20 ($0.02) dividend. This is a positive change from Essentra’s previous dividend of $1.00. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, September 21st. Essentra’s dividend payout ratio is currently -4,000.00%.

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; washers; spacers; brushes; fleet; fibre management; and furniture fittings.