Porvair (LON:PRV) Share Price Passes Above 50-Day Moving Average – What’s Next?

Porvair plc (LON:PRV)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 669.11 ($8.28) and traded as high as GBX 722.56 ($8.94). Porvair shares last traded at GBX 684 ($8.47), with a volume of 33,908 shares.

Analyst Ratings Changes

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

Porvair Trading Up 6.1 %

The firm has a fifty day moving average of GBX 669.11 and a two-hundred day moving average of GBX 658.56. The company has a market cap of £333.74 million, a PE ratio of 2,135.29 and a beta of 0.76. The company has a current ratio of 1.83, a quick ratio of 1.22 and a debt-to-equity ratio of 19.67.

Insiders Place Their Bets

In related news, insider Sheena Mackay purchased 2,956 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was purchased at an average cost of GBX 673 ($8.33) per share, with a total value of £19,893.88 ($24,624.19). Company insiders own 21.55% of the company’s stock.

About Porvair

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.