Essentra plc (LON:ESNT – Get Free Report) 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
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.
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