Porvair (LON:PRV) Share Price Crosses Below 200-Day Moving Average of $613.64

Porvair plc (LON:PRVGet Rating)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 613.64 ($7.52) and traded as low as GBX 580 ($7.11). Porvair shares last traded at GBX 590 ($7.23), with a volume of 1,212 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Porvair in a report on Monday, July 4th.

Porvair Trading Down 0.8 %

The firm has a market capitalization of £272.59 million and a PE ratio of 2,269.23. The company has a debt-to-equity ratio of 12.60, a quick ratio of 1.22 and a current ratio of 2.00. The firm has a fifty day moving average of GBX 578.75 and a 200 day moving average of GBX 613.64.

Porvair Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, August 26th. Investors of record on Thursday, July 21st will be issued a dividend of GBX 1.90 ($0.02) per share. The ex-dividend date of this dividend is Thursday, July 21st. This represents a dividend yield of 0.32%. Porvair’s payout ratio is currently 20.38%.

Insider Activity at Porvair

In related news, insider Ben Stocks sold 2,754 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of GBX 625 ($7.66), for a total transaction of £17,212.50 ($21,091.17).

Porvair Company Profile

(Get Rating)

Porvair plc, a filtration and environmental technology company, designs, manufactures, and sells filtration and separation equipment primarily in the United Kingdom. It operates in 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.

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