Porvair (LON:PRV) Share Price Passes Above Fifty Day Moving Average of $651.60

Porvair plc (LON:PRV)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 651.60 ($8.28) and traded as high as GBX 700 ($8.89). Porvair shares last traded at GBX 688 ($8.74), with a volume of 6,348 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PRV shares. Shore Capital reissued a “hold” rating on shares of Porvair in a research note on Tuesday, April 16th. Berenberg Bank began coverage on shares of Porvair in a research report on Thursday, May 16th. They issued a “buy” rating and a GBX 800 ($10.17) target price on the stock.

Porvair Price Performance

The company has a market capitalization of £318.96 million, a PE ratio of 1,965.71 and a beta of 0.76. The company has a current ratio of 2.22, a quick ratio of 1.22 and a debt-to-equity ratio of 11.52. The company’s 50 day moving average price is GBX 651.60 and its 200-day moving average price is GBX 639.02.

Insiders Place Their Bets

In other news, insider James Mills acquired 4,250 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were bought at an average cost of GBX 620 ($7.88) per share, for a total transaction of £26,350 ($33,481.58). 22.91% of the stock is currently owned by 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.