Essentra (LON:ESNT) Reaches New 12-Month Low – Here’s Why

Essentra plc (LON:ESNT) shares reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 125.60 ($1.53) and last traded at GBX 125.60 ($1.53), with a volume of 435978 shares changing hands. The stock had previously closed at GBX 129.80 ($1.58).

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Essentra from GBX 240 ($2.93) to GBX 200 ($2.44) and set a “buy” rating for the company in a research report on Tuesday, September 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 200 ($2.44) price target on shares of Essentra in a research note on Thursday, October 24th.

Essentra Price Performance

The stock has a market cap of £346.29 million, a PE ratio of 7,980.00, a P/E/G ratio of 3.84 and a beta of 1.18. The business has a fifty day simple moving average of GBX 142.27 and a two-hundred day simple moving average of GBX 154.14. The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89.

Essentra Company Profile

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.