Essentra (LON:ESNT) Share Price Crosses Below 200 Day Moving Average of $410.08

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Essentra PLC (LON:ESNT) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $410.08 and traded as low as $421.60. Essentra shares last traded at $426.40, with a volume of 148,806 shares.

A number of research firms recently issued reports on ESNT. Numis Securities reissued a “buy” rating on shares of Essentra in a research note on Monday, June 3rd. Deutsche Bank reissued a “buy” rating and set a GBX 445 ($5.81) target price on shares of Essentra in a research note on Tuesday, September 10th. Peel Hunt reissued a “buy” rating on shares of Essentra in a research note on Monday, September 9th. Finally, Jefferies Financial Group raised Essentra to a “buy” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Essentra currently has a consensus rating of “Buy” and a consensus price target of GBX 483.33 ($6.32).

The firm has a fifty day moving average price of GBX 408.89 and a 200 day moving average price of GBX 410.55. The company has a debt-to-equity ratio of 76.07, a quick ratio of 1.18 and a current ratio of 1.54. The company has a market cap of $1.15 billion and a price-to-earnings ratio of 28.93.

The business also recently disclosed a dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Thursday, September 26th will be paid a dividend of GBX 6.30 ($0.08) per share. The ex-dividend date is Thursday, September 26th. This represents a yield of 1.55%. Essentra’s payout ratio is currently 1.39%.

In other Essentra news, insider Nicki Demby bought 750 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of GBX 404 ($5.28) per share, with a total value of £3,030 ($3,959.23).

Essentra Company Profile (LON:ESNT)

Essentra plc manufactures and sells specialist plastic, fiber, foam, and packaging products worldwide. It operates through four divisions: Component, Packaging, Filter Products, and Specialist Components. The Component division offers plastic injection molded, vinyl dip-molded, and metal items for equipment manufacturing, automotive, fabrication, electronics, and construction industries; and component solutions for protection and finishing purposes.

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