Essentra (LON:ESNT) Stock Price Crosses Below 200-Day Moving Average of $217.47

Essentra plc (LON:ESNT – Get Rating) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 217.47 ($2.70) and traded as low as GBX 188.40 ($2.34). Essentra shares last traded at GBX 190.20 ($2.37), with a volume of 719,684 shares.

Wall Street Analyst Weigh In

Several research firms have commented on ESNT. Berenberg Bank reissued a “buy” rating and issued a GBX 295 ($3.67) price objective on shares of Essentra in a research report on Monday, February 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 280 ($3.48) price objective on shares of Essentra in a research report on Wednesday, March 22nd. Finally, Peel Hunt restated a “buy” rating and set a GBX 300 ($3.73) target price on shares of Essentra in a research note on Tuesday, May 16th.

Essentra Stock Down 2.1 %

The firm has a market capitalization of £550.72 million, a price-to-earnings ratio of -1,902.00, a P/E/G ratio of 3.84 and a beta of 1.23. The stock has a 50 day moving average of GBX 195.11 and a 200 day moving average of GBX 217.47. The company has a quick ratio of 0.50, a current ratio of 1.55 and a debt-to-equity ratio of 78.17.

Essentra Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, May 18th will be paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a yield of 0.56%. Essentra’s dividend payout ratio (DPR) is -3,000.00%.

Insider Buying and Selling

In other Essentra news, insider Paul J. Lester bought 11,200 shares of the business’s stock in a transaction on Wednesday, April 5th. The shares were purchased at an average price of GBX 196 ($2.44) per share, with a total value of £21,952 ($27,303.48). Insiders own 0.66% of the company’s stock.

About Essentra

(Get Rating)

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.