Essentra (LON:ESNT) Trading Up 0.1% – Here’s What Happened

Essentra plc (LON:ESNT)’s share price traded up 0.1% during trading on Wednesday . The company traded as high as GBX 149.60 ($1.89) and last traded at GBX 147 ($1.86). 176,446 shares were traded during mid-day trading, a decline of 74% from the average session volume of 666,717 shares. The stock had previously closed at GBX 146.80 ($1.85).

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 200 ($2.52) target price on shares of Essentra in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Essentra from GBX 240 ($3.03) to GBX 200 ($2.52) and set a “buy” rating on the stock in a research note on Tuesday, September 17th.

Essentra Stock Down 1.8 %

The company has a current ratio of 1.97, a quick ratio of 0.50 and a debt-to-equity ratio of 51.89. The firm has a market capitalization of £403.72 million, a P/E ratio of 7,980.00, a P/E/G ratio of 3.84 and a beta of 1.18. The stock’s 50-day simple moving average is GBX 150.25 and its 200-day simple moving average is GBX 159.25.

Insider Activity

In related news, insider Scott Fawcett purchased 10,479 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average cost of GBX 142 ($1.79) per share, with a total value of £14,880.18 ($18,780.99). 0.99% of the stock is currently owned by corporate insiders.

About Essentra

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.