Porvair (LON:PRV) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Porvair plc (LON:PRV)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 672.77 ($8.21) and traded as high as GBX 703.92 ($8.59). Porvair shares last traded at GBX 682 ($8.33), with a volume of 14,017 shares trading hands.

Wall Street Analyst Weigh In

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

Porvair Trading Down 2.0 %

The firm has a market cap of £313.52 million, a PE ratio of 2,005.88 and a beta of 0.76. The company has a current ratio of 1.83, a quick ratio of 1.22 and a debt-to-equity ratio of 19.67. The company’s 50-day moving average is GBX 672.77 and its 200 day moving average is GBX 659.13.

Insider Buying and Selling at Porvair

In related news, insider Sheena Mackay acquired 2,956 shares of the company’s stock in a transaction on Friday, November 29th. The shares were purchased at an average price of GBX 673 ($8.22) per share, for a total transaction of £19,893.88 ($24,290.45). Company 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.