Porvair (LON:PRV) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Porvair plc (LON:PRV) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 788.80 and traded as low as GBX 720. Porvair shares last traded at GBX 726, with a volume of 14,363 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Porvair in a research report on Monday, February 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Porvair Stock Up 1.9%

The company has a debt-to-equity ratio of 15.77, a current ratio of 2.54 and a quick ratio of 1.22. The business’s fifty day moving average price is GBX 732.92 and its two-hundred day moving average price is GBX 788.80. The stock has a market capitalization of £341.11 million, a PE ratio of 18.83 and a beta of 0.48.

Porvair (LON:PRV) last issued its quarterly earnings results on Monday, February 9th. The company reported GBX 42.30 EPS for the quarter. Porvair had a return on equity of 11.21% and a net margin of 9.36%. On average, equities research analysts forecast that Porvair plc will post 39.0358613 EPS for the current fiscal year.

Insider Buying and Selling

In other Porvair news, insider Hooman Caman Javvi purchased 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were bought at an average price of GBX 819 per share, for a total transaction of £9,009. Also, insider James Mills sold 37,000 shares of Porvair stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of GBX 810, for a total transaction of £299,700. Insiders bought 15,104 shares of company stock valued at $12,806,816 over the last quarter. 1.79% of the stock is currently owned by company insiders.

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. The Laboratory segment is involved in the design and manufacture of instruments and consumables for use in environmental and bioscience laboratories with a focus on water analysis instruments, diagnostics, and sample preparation equipment.