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

Porvair plc (LON:PRV)’s stock price passed 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 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 Stock Up 3.2 %

The firm’s 50-day simple moving average is GBX 669.79 and its 200 day simple moving average is GBX 658.78. 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 company has a market cap of £324.55 million, a P/E ratio of 2,076.47 and a beta of 0.76.

Insider Activity at Porvair

In other news, insider Sheena Mackay bought 2,956 shares of the business’s stock in a transaction on Friday, November 29th. The shares were bought at an average cost of GBX 673 ($8.36) per share, for a total transaction of £19,893.88 ($24,712.89). 21.55% of the stock is currently owned by corporate insiders.

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.