Essentra (LON:ESNT) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Essentra plc (LON:ESNT) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 150.23 ($1.87) and traded as low as GBX 117.60 ($1.46). Essentra shares last traded at GBX 120.40 ($1.50), with a volume of 880,234 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 200 ($2.49) price target on shares of Essentra in a report on Thursday, October 24th.

Essentra Price Performance

The firm has a market capitalization of £345.72 million, a price-to-earnings ratio of 7,980.00, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The stock’s fifty day moving average price is GBX 133.82 and its two-hundred day moving average price is GBX 150.23. 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