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

Porvair plc (LON:PRV) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 644.40 ($8.41) and traded as high as GBX 670 ($8.75). Porvair shares last traded at GBX 664 ($8.67), with a volume of 9,855 shares trading hands.

Analyst Ratings Changes

Several research firms have recently commented on PRV. Shore Capital reiterated a “hold” rating on shares of Porvair in a research note on Monday, July 1st. Berenberg Bank reiterated a “buy” rating and set a GBX 800 ($10.45) price objective on shares of Porvair in a research note on Tuesday, July 2nd.

Porvair Stock Down 0.6 %

The company’s 50 day moving average price is GBX 644.40 and its 200 day moving average price is GBX 649.24. 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 firm has a market capitalization of £305.24 million, a price-to-earnings ratio of 1,952.94 and a beta of 0.76.

Insider Activity at Porvair

In related news, insider Ben Stocks sold 217,417 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of GBX 676 ($8.83), for a total transaction of £1,469,738.92 ($1,919,220.32). 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.