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

Porvair plc (LON:PRV)’s stock price crossed 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 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 Stock Down 2.0 %

The company has a market capitalization of £313.52 million, a P/E ratio of 2,005.88 and a beta of 0.76. The business’s fifty day moving average price is GBX 672.77 and its 200 day moving average price is GBX 659.13. The company has a current ratio of 1.83, a quick ratio of 1.22 and a debt-to-equity ratio of 19.67.

Insider Activity at Porvair

In other news, insider Sheena Mackay purchased 2,956 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average cost of GBX 673 ($8.22) per share, with a total value of £19,893.88 ($24,290.45). 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.