Essentra (LON:ESNT) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Essentra plc (LON:ESNT)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 158.36 ($1.99) and traded as low as GBX 133.84 ($1.68). Essentra shares last traded at GBX 134 ($1.68), with a volume of 766,338 shares changing hands.

Analyst Ratings Changes

ESNT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Essentra from GBX 240 ($3.02) to GBX 200 ($2.51) and set a “buy” rating for the company in a research report on Tuesday, September 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 200 ($2.51) price target on shares of Essentra in a research note on Thursday, October 24th.

Essentra Price Performance

The company has a market capitalization of £379.60 million, a price-to-earnings ratio of 7,980.00, a P/E/G ratio of 3.84 and a beta of 1.18. The company has a fifty day simple moving average of GBX 149.10 and a two-hundred day simple moving average of GBX 158.36. The company has a debt-to-equity ratio of 51.89, a quick ratio of 0.50 and a current ratio of 1.97.

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; barbed and push-fit fasteners; binder screws and snap fasteners; washers; spacers; brushes; feet; fibre management; and furniture fittings.