Porvair (LON:PRV) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Porvair plc (LON:PRV)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 684.91 ($8.56) and traded as high as GBX 694 ($8.68). Porvair shares last traded at GBX 666 ($8.33), with a volume of 167,010 shares traded.

Analysts Set New Price Targets

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

Porvair Trading Up 1.4 %

The company has a quick ratio of 1.22, a current ratio of 1.83 and a debt-to-equity ratio of 19.67. The stock’s 50 day moving average price is GBX 684.91 and its 200-day moving average price is GBX 663.55. The stock has a market capitalization of £310.30 million, a P/E ratio of 1,985.29 and a beta of 0.76.

Insider Activity

In other Porvair news, insider Sheena Mackay acquired 2,956 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were purchased at an average cost of GBX 673 ($8.41) per share, for a total transaction of £19,893.88 ($24,870.46). Insiders own 21.55% of the company’s stock.

About Porvair

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.