Essentra (LON:ESNT) Share Price Passes Below 200 Day Moving Average of $288.38

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Essentra plc (LON:ESNT)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 288.38 ($3.77) and traded as low as GBX 287 ($3.75). Essentra shares last traded at GBX 287 ($3.75), with a volume of 224,736 shares trading hands.

A number of analysts have weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 385 ($5.03) price objective on shares of Essentra in a research note on Tuesday, January 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 360 ($4.70) price objective on shares of Essentra in a research note on Monday, March 8th.

The business’s fifty day moving average price is GBX 294.08 and its 200-day moving average price is GBX 288.53. The company has a debt-to-equity ratio of 54.86, a quick ratio of 1.39 and a current ratio of 1.92. The stock has a market cap of £879.41 million and a PE ratio of 184.06.

The business also recently declared a dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Thursday, April 22nd will be issued a dividend of GBX 3.30 ($0.04) per share. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, April 22nd.

In related news, insider Jon Green sold 3,974 shares of the firm’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of GBX 296 ($3.87), for a total value of £11,763.04 ($15,368.49). Also, insider Nicki Demby acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 30th. The stock was acquired at an average cost of GBX 292 ($3.81) per share, for a total transaction of £29,200 ($38,149.99).

About Essentra (LON:ESNT)

Essentra plc provides essential components and solutions worldwide. It operates through three divisions: Components, Packaging, and Filters. 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.

Further Reading: Ex-Dividend

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