Porvair (LON:PRV) Stock Passes Above 50 Day Moving Average - Here's Why

Porvair plc (LON:PRV - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 698.57 ($8.94) and traded as high as GBX 740 ($9.47). Porvair shares last traded at GBX 728 ($9.31), with a volume of 94,672 shares traded.

Wall Street Analyst Weigh In

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

Porvair Trading Down 2.2 %

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 firm has a 50-day moving average of GBX 699.65 and a 200 day moving average of GBX 671.16. The company has a market cap of £324.86 million, a P/E ratio of 21.05 and a beta of 0.76.

Porvair (LON:PRV - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported GBX 38.60 ($0.49) earnings per share (EPS) for the quarter. Porvair had a return on equity of 10.75% and a net margin of 8.57%. On average, analysts predict that Porvair plc will post 39.0358613 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ben Stocks sold 70,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of GBX 716 ($9.16), for a total transaction of £501,200 ($641,166.69). Corporate insiders own 21.55% of the company's stock.

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.