Shore Capital Reaffirms “Hold” Rating for Porvair (LON:PRV)

Shore Capital reaffirmed their hold rating on shares of Porvair (LON:PRV) in a research report sent to investors on Tuesday morning, MarketBeat.com reports.

Porvair Stock Up 1.1 %

PRV opened at GBX 626.64 ($7.80) on Tuesday. Porvair has a twelve month low of GBX 522 ($6.50) and a twelve month high of GBX 680 ($8.47). The company has a quick ratio of 1.22, a current ratio of 2.22 and a debt-to-equity ratio of 11.52. The company has a 50-day moving average price of GBX 634.03 and a 200 day moving average price of GBX 612.33. The company has a market cap of £290.51 million, a PE ratio of 1,771.43 and a beta of 0.76.

Porvair Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 2nd will be issued a GBX 4 ($0.05) dividend. This is an increase from Porvair’s previous dividend of $2.00. The ex-dividend date is Thursday, May 2nd. This represents a yield of 0.61%. Porvair’s dividend payout ratio is presently 1,714.29%.

Insider Buying and Selling at Porvair

In other news, insider Ben Stocks sold 265,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of GBX 650 ($8.09), for a total transaction of £1,722,500 ($2,144,279.85). 19.83% of the stock is 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.