Posted by admin on Jul 21st, 2022

Essentra plc (LON:ESNT – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 307.76 ($3.68) and traded as low as GBX 243 ($2.90). Essentra shares last traded at GBX 247 ($2.95), with a volume of 284,851 shares trading hands.

Separately, Berenberg Bank decreased their price objective on Essentra from GBX 365 ($4.36) to GBX 350 ($4.18) and set a “buy” rating for the company in a research note on Monday, June 27th.

The firm has a market cap of £745.17 million and a P/E ratio of 2,744.44. The company has a quick ratio of 1.42, a current ratio of 2.06 and a debt-to-equity ratio of 58.99. The firm has a fifty day moving average of GBX 283.54 and a 200-day moving average of GBX 307.76.

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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