Essentra (LON:ESNT) Share Price Crosses Below Two Hundred Day Moving Average of $274.33

Essentra plc (LON:ESNTGet Rating)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 274.33 ($3.31) and traded as low as GBX 193 ($2.33). Essentra shares last traded at GBX 198 ($2.39), with a volume of 157,633 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price target on Essentra from GBX 350 ($4.23) to GBX 310 ($3.75) and set a “buy” rating on the stock in a research note on Tuesday, August 23rd.

Essentra Stock Down 3.1 %

The business has a 50-day moving average price of GBX 223.78 and a two-hundred day moving average price of GBX 273.88. The company has a quick ratio of 0.50, a current ratio of 1.41 and a debt-to-equity ratio of 96.80. The firm has a market cap of £565.05 million and a PE ratio of 6,243.10.

Essentra Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, September 22nd will be given a dividend of GBX 2.30 ($0.03) per share. This represents a dividend yield of 0.9%. The ex-dividend date is Thursday, September 22nd. Essentra’s dividend payout ratio is currently 200.00%.

About Essentra

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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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