essensys (LON:ESYS) Stock Price Down 8.6% – Here’s What Happened

essensys plc (LON:ESYS) shares were down 8.6% during trading on Thursday . The company traded as low as GBX 16 ($0.21) and last traded at GBX 16 ($0.21). Approximately 7,148 shares were traded during trading, a decline of 85% from the average daily volume of 48,091 shares. The stock had previously closed at GBX 17.50 ($0.23).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 41 price target on shares of essensys in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 41.

essensys Price Performance

The stock has a market cap of £10.36 million, a price-to-earnings ratio of -404.04 and a beta of 0.60. The company has a 50-day moving average of GBX 21.18 and a 200-day moving average of GBX 27.08. The company has a debt-to-equity ratio of 8.59, a quick ratio of 3.01 and a current ratio of 2.01.

About essensys

Founded in 2006 and listed on the London Stock Exchange AIM Market, essensys is a leading global provider of software and technology to the commercial real estate industry.

Partnering with many of the world’s leading landlords and flexible workspace operators, essensys delivers innovative digital experience (DX) solutions that drive occupancy, maximise yield and reduce operating costs.