Porvair (LON:PRV) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Porvair plc (LON:PRV) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 669.11 ($8.31) and traded as high as GBX 722.56 ($8.98). Porvair shares last traded at GBX 684 ($8.50), with a volume of 33,908 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of Porvair in a research report on Tuesday, December 10th.

Porvair Trading Up 3.2 %

The firm has a market capitalization of £324.55 million, a price-to-earnings ratio of 2,076.47 and a beta of 0.76. The business’s fifty day moving average is GBX 669.79 and its 200 day moving average is GBX 658.78. The company has a quick ratio of 1.22, a current ratio of 1.83 and a debt-to-equity ratio of 19.67.

Insider Activity

In related news, insider Sheena Mackay bought 2,956 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average price of GBX 673 ($8.36) per share, with a total value of £19,893.88 ($24,712.89). Corporate insiders own 21.55% of the company’s stock.

Porvair Company Profile

Porvair plc engages in the filtration, laboratory, and environmental technology business. It operates through three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for aerospace, energy, and industrial applications.