Posted by admin on Jul 29th, 2022

Shares of Essentra plc (LON:ESNT – Get Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 304.33 ($3.67) and traded as low as GBX 242 ($2.92). Essentra shares last traded at GBX 243.50 ($2.93), with a volume of 170,820 shares traded.

Separately, Berenberg Bank cut their price objective on Essentra from GBX 365 ($4.40) to GBX 350 ($4.22) and set a “buy” rating on the stock in a research report on Monday, June 27th.

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 company has a market capitalization of £734.61 million and a P/E ratio of 2,705.56. The company has a 50-day moving average of GBX 278.29 and a two-hundred day moving average of GBX 304.33.

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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