Essentra (LON:ESNT) Stock Price Passes Below Two Hundred Day Moving Average of $169.00

Essentra plc (LON:ESNTGet Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 169 ($2.16) and traded as low as GBX 162.80 ($2.08). Essentra shares last traded at GBX 167.60 ($2.14), with a volume of 997,199 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 255 ($3.26) price objective on shares of Essentra in a research report on Thursday, May 23rd.

Check Out Our Latest Research Report on Essentra

Essentra Stock Performance

The stock has a market cap of £482.79 million, a P/E ratio of 8,380.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The firm’s 50-day moving average is GBX 177.86 and its two-hundred day moving average is GBX 169. The company has a quick ratio of 0.50, a current ratio of 1.65 and a debt-to-equity ratio of 46.27.

Essentra Increases Dividend

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

Insider Activity at Essentra

In other news, insider Scott Fawcett sold 55,301 shares of Essentra stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of GBX 176 ($2.25), for a total value of £97,329.76 ($124,303.65). 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.

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