Porvair (LON:PRV) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Porvair plc (LON:PRV)’s share price 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 changing hands.

Analyst Upgrades and Downgrades

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

Porvair Trading Down 0.8 %

The company has a debt-to-equity ratio of 19.67, a quick ratio of 1.22 and a current ratio of 1.83. The firm has a 50-day moving average of GBX 698.57 and a 200-day moving average of GBX 669.60. The firm 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 issued its earnings results on Monday, February 10th. The company reported GBX 38.60 ($0.49) earnings per share (EPS) for the quarter. Porvair had a net margin of 8.57% and a return on equity of 10.75%. On average, equities research analysts anticipate that Porvair plc will post 39.0358613 EPS for the current fiscal year.

Insider Activity

In other news, insider Ben Stocks sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of GBX 716 ($9.02), for a total transaction of £501,200 ($631,711.62). 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.