Porvair (LON:PRV) Share Price Crosses Below 200-Day Moving Average of $644.34

Posted by MarketBeat News on Sep 19th, 2024

Porvair plc (LON:PRV – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 644.34 ($8.51) and traded as low as GBX 638.80 ($8.44). Porvair shares last traded at GBX 650 ($8.59), with a volume of 516,648 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 800 ($10.57) price objective on shares of Porvair in a report on Tuesday, July 2nd. Shore Capital reissued a “hold” rating on shares of Porvair in a research note on Monday, July 1st.

Check Out Our Latest Stock Analysis on PRV

Porvair Price Performance

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The stock has a market cap of £298.90 million, a PE ratio of 1,911.76 and a beta of 0.76. The business’s 50-day simple moving average is GBX 642.76 and its 200-day simple moving average is GBX 644.38. The company has a quick ratio of 1.22, a current ratio of 1.83 and a debt-to-equity ratio of 19.67.

Porvair Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, August 21st. Investors of record on Thursday, July 18th were issued a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a yield of 0.32%. Porvair’s dividend payout ratio is presently 1,764.71%.

Insiders Place Their Bets

In other news, insider Ben Stocks sold 217,417 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of GBX 676 ($8.93), for a total transaction of £1,469,738.92 ($1,941,530.94). Company insiders own 22.41% of the company’s stock.

About Porvair

(Get Free Report)

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.