Porvair (LON:PRV) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Porvair plc (LON:PRV) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 698.57 ($8.80) and traded as high as GBX 740 ($9.33). Porvair shares last traded at GBX 728 ($9.18), with a volume of 94,672 shares.

Wall Street Analysts Forecast Growth

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

Porvair Price Performance

The firm has a fifty day moving average price of GBX 698.57 and a two-hundred day moving average price of GBX 669.60. 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 has a market capitalization of £330.35 million, a P/E ratio of 21.40 and a beta of 0.76.

Porvair (LON:PRV) last released its quarterly earnings data on Monday, February 10th. The company reported GBX 38.60 ($0.49) earnings per share for the quarter. Porvair had a net margin of 8.57% and a return on equity of 10.75%. On average, analysts expect that Porvair plc will post 39.0358613 EPS for the current year.

Insider Activity at Porvair

In other news, insider Ben Stocks sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of GBX 716 ($9.02), for a total transaction of £501,200 ($631,711.62). 21.55% of the stock is currently owned by insiders.

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.