Essentra (LON:ESNT) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Essentra plc (LON:ESNT) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 83.81 and traded as high as GBX 84.60. Essentra shares last traded at GBX 83.82, with a volume of 1,283,019 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ESNT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 price objective on shares of Essentra in a research report on Thursday, May 21st. Berenberg Bank restated a “buy” rating and set a GBX 160 price objective on shares of Essentra in a research report on Thursday, March 19th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 130 target price on shares of Essentra in a research note on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Essentra currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 150.

Essentra Stock Up 2.4%

The company has a market cap of £252.56 million, a P/E ratio of 127.29, a PEG ratio of 3.84 and a beta of 0.83. The company has a debt-to-equity ratio of 47.67, a current ratio of 2.20 and a quick ratio of 0.50. The business’s 50 day moving average price is GBX 83.83 and its 200-day moving average price is GBX 91.63.

Insider Buying and Selling at Essentra

In other Essentra news, insider Rowan Baker purchased 9,477 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average cost of GBX 84 per share, with a total value of £7,960.68. Company insiders own 0.52% of the company’s stock.

About Essentra

Essentra plc is a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items.

Headquartered in the United Kingdom, Essentra’s global network extends to 27 countries worldwide and includes c.3,000 employees, 14 manufacturing facilities, 25 distribution centres and 35 sales & service centres serving c.76,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy.