Porvair (LON:PRV) Share Price Passes Above 50 Day Moving Average - What's Next?

Porvair plc (LON:PRV - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 686.92 ($9.11) and traded as high as GBX 708 ($9.39). Porvair shares last traded at GBX 700 ($9.29), with a volume of 347,077 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "hold" rating on shares of Porvair in a research report on Tuesday.

Porvair Stock Performance

The firm has a market capitalization of £335.84 million, a price-to-earnings ratio of 21.76 and a beta of 0.76. 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 stock's fifty day moving average is GBX 689.88 and its two-hundred day moving average is GBX 679.74.

Porvair (LON:PRV - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported GBX 38.60 ($0.51) earnings per share for the quarter. Porvair had a return on equity of 10.75% and a net margin of 8.57%. Analysts forecast that Porvair plc will post 39.0358613 earnings per share for the current year.

Porvair Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, May 1st will be paid a dividend of GBX 4.20 ($0.06) per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 0.64%. This is a boost from Porvair's previous dividend of $2.10. Porvair's dividend payout ratio is presently 17.79%.

Insider Transactions at Porvair

In other news, insider Ben Stocks sold 70,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of GBX 716 ($9.50), for a total value of £501,200 ($664,986.07). 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.