Porvair (LON:PRV) Stock Passes Below 200-Day Moving Average – Here’s Why

Porvair plc (LON:PRV)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 792.23 and traded as low as GBX 740. Porvair shares last traded at GBX 748, with a volume of 16,690 shares.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “hold” rating on shares of Porvair in a report on Monday, February 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Porvair Price Performance

The stock has a market capitalization of £345.10 million, a price-to-earnings ratio of 19.03 and a beta of 0.44. The company has a current ratio of 2.54, a quick ratio of 1.22 and a debt-to-equity ratio of 15.77. The stock has a 50-day simple moving average of GBX 831.46 and a 200 day simple moving average of GBX 792.23.

Porvair (LON:PRV) last released its earnings results on Monday, February 9th. The company reported GBX 42.30 earnings per share 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 Activity at Porvair

In other Porvair news, insider James Mills sold 37,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of GBX 810, for a total value of £299,700. Also, insider Lisa Anson bought 2,369 shares of the firm’s stock in a transaction on Monday, February 16th. The shares were bought at an average cost of GBX 838 per share, with a total value of £19,852.22. Over the last three months, insiders have purchased 15,104 shares of company stock valued at $12,806,816. Corporate insiders own 1.79% of the company’s stock.

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.