Porvair (LON:PRV) Stock Passes Above 50-Day Moving Average – Time to Sell?

Porvair plc (LON:PRV)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 677.85 ($8.34) and traded as high as GBX 720.70 ($8.87). Porvair shares last traded at GBX 704 ($8.67), with a volume of 30,633 shares changing hands.

Analyst Upgrades and Downgrades

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

Porvair Stock Up 0.3 %

The company’s fifty day moving average is GBX 678.45 and its 200-day moving average is GBX 661.27. The company has a debt-to-equity ratio of 19.67, a quick ratio of 1.22 and a current ratio of 1.83. The company has a market capitalization of £317.19 million, a PE ratio of 2,029.41 and a beta of 0.76.

Insider Buying and Selling

In related news, insider Sheena Mackay acquired 2,956 shares of Porvair stock in a transaction dated Friday, November 29th. The shares were purchased at an average price of GBX 673 ($8.29) per share, for a total transaction of £19,893.88 ($24,490.80). 21.55% 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.