Porvair (LON:PRV) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Porvair plc (LON:PRV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 658.55 ($8.37) and traded as high as GBX 692 ($8.80). Porvair shares last traded at GBX 692 ($8.80), with a volume of 14,712 shares traded.

Analyst Ratings Changes

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

Porvair Stock Performance

The stock’s 50-day moving average price is GBX 661.13 and its 200 day moving average price is GBX 658.55. The firm has a market cap of £313.11 million, a P/E ratio of 2,035.29 and a beta of 0.76. The company has a debt-to-equity ratio of 19.67, a current ratio of 1.83 and a quick ratio of 1.22.

Insiders Place Their Bets

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 ($8.56) per share, for a total transaction of £19,893.88 ($25,290.97). 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.