Porvair (LON:PRV) Shares Cross Above 50 Day Moving Average – Should You Sell?

Porvair plc (LON:PRV)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 677.85 ($8.36) and traded as high as GBX 720.70 ($8.89). Porvair shares last traded at GBX 704 ($8.68), with a volume of 30,633 shares changing hands.

Wall Street Analyst Weigh In

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

Porvair Price Performance

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 stock has a market cap of £323.63 million, a price-to-earnings ratio of 2,070.59 and a beta of 0.76. The stock has a fifty day simple moving average of GBX 677.85 and a 200-day simple moving average of GBX 660.97.

Insider Transactions at Porvair

In related news, insider Sheena Mackay purchased 2,956 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was purchased at an average cost of GBX 673 ($8.30) per share, with a total value of £19,893.88 ($24,530.06). 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.