Essentra (LON:ESNT) Share Price Passes Below Two Hundred Day Moving Average of $317.70

Essentra plc (LON:ESNT – Get Rating)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 317.70 ($3.89) and traded as low as GBX 270.50 ($3.31). Essentra shares last traded at GBX 276 ($3.38), with a volume of 442,769 shares changing hands.

Separately, Berenberg Bank cut their target price on shares of Essentra from GBX 370 ($4.53) to GBX 365 ($4.47) and set a “buy” rating on the stock in a report on Thursday, May 19th.

The company has a current ratio of 2.06, a quick ratio of 1.42 and a debt-to-equity ratio of 58.99. The company has a market capitalization of £832.66 million and a price-to-earnings ratio of 31.01. The firm’s 50 day simple moving average is GBX 310.32 and its 200-day simple moving average is GBX 317.70.

About Essentra (LON:ESNT)

Essentra plc provides essential components and solutions worldwide. The Components division manufactures and distributes plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions comprising caps and plugs, wire and cable management products, flange protection products, knobs, handles and grips, PCB and electronics hardware, and tools and precision instruments for a range of applications and industries that are used in protection and finish products.

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