Essentra (LON:ESNT) Share Price Passes Below 200-Day Moving Average of $169.26

Shares of Essentra plc (LON:ESNTGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 169.26 ($2.17) and traded as low as GBX 166.80 ($2.14). Essentra shares last traded at GBX 171.40 ($2.20), with a volume of 661,643 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 255 ($3.27) target price on shares of Essentra in a report on Thursday, May 23rd.

Read Our Latest Stock Analysis on ESNT

Essentra Stock Performance

The firm has a market capitalization of £493.73 million, a price-to-earnings ratio of 8,570.00, a PEG ratio of 3.84 and a beta of 1.18. The firm has a 50 day moving average price of GBX 177.34 and a 200-day moving average price of GBX 169.26. The company has a debt-to-equity ratio of 46.27, a current ratio of 1.65 and a quick ratio of 0.50.

Essentra Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 16th will be paid a dividend of GBX 2.40 ($0.03) per share. This is a boost from Essentra’s previous dividend of $1.20. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 1.38%. Essentra’s payout ratio is presently 20,000.00%.

Insider Transactions at Essentra

In other Essentra news, insider Scott Fawcett sold 55,301 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of GBX 176 ($2.25), for a total transaction of £97,329.76 ($124,701.81). Insiders own 4.00% of the company’s stock.

About Essentra

(Get Free Report)

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.

Further Reading

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