Porvair (LON:PRV)

Porvair (LON:PRV) Stock Passes Below Fifty Day Moving Average of $531.97


Porvair plc (LON:PRV – Get Rating) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 531.97 ($6.13) and traded as low as GBX 520 ($5.99). Porvair shares last traded at GBX 525 ($6.04), with a volume of 9,295 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of Porvair in a research report on Tuesday, September 13th.

Porvair Price Performance

The company has a market cap of £249.88 million and a price-to-earnings ratio of 2,019.23. The company’s 50-day simple moving average is GBX 531.97 and its 200-day simple moving average is GBX 563.87. The company has a debt-to-equity ratio of 12.60, a current ratio of 2.00 and a quick ratio of 1.22.

Insider Activity at Porvair

In other news, insider James Mills acquired 2,370 shares of the business’s stock in a transaction on Wednesday, October 12th. The shares were purchased at an average price of GBX 528 ($6.08) per share, for a total transaction of £12,513.60 ($14,408.29).

About Porvair

Porvair plc, a filtration and environmental technology company, designs, manufactures, and sells filtration and separation equipment primarily in the United Kingdom. It operates in 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.

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