Essentra (LON:ESNT) Hits New 52-Week Low – Here’s What Happened

Essentra plc (LON:ESNT)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 98.70 ($1.28) and last traded at GBX 99.54 ($1.29), with a volume of 849742 shares changing hands. The stock had previously closed at GBX 100.80 ($1.30).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 170 ($2.20) price target on shares of Essentra in a report on Wednesday, March 26th.

Essentra Trading Down 1.3 %

The business’s 50-day moving average is GBX 116.96 and its two-hundred day moving average is GBX 134.33. The stock has a market capitalization of £286.10 million, a PE ratio of 82.00, a PEG ratio of 3.84 and a beta of 1.18. 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 (LON:ESNT) last released its quarterly earnings results on Wednesday, March 19th. The company reported GBX 8.50 ($0.11) EPS for the quarter. Essentra had a return on equity of 1.28% and a net margin of 1.13%. On average, analysts predict that Essentra plc will post 524.137931 earnings per share for the current year.

Essentra Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, May 15th will be issued a GBX 1.55 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from Essentra’s previous dividend of $1.25. This represents a yield of 1.41%. Essentra’s dividend payout ratio is currently 329.52%.

Insider Buying and Selling at Essentra

In other Essentra news, insider Steve Good acquired 35,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average price of GBX 109 ($1.41) per share, with a total value of £38,150 ($49,321.27). Also, insider Rowan Baker bought 10,036 shares of the business’s stock in a transaction on Monday, March 24th. The stock was acquired at an average cost of GBX 104 ($1.34) per share, for a total transaction of £10,437.44 ($13,493.78). 0.99% of the stock is currently owned by insiders.

Essentra Company Profile