Porvair (LON:PRV) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Porvair plc (LON:PRV)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 789.68 and traded as low as GBX 739.39. Porvair shares last traded at GBX 778, with a volume of 53,111 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “hold” rating on shares of Porvair in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Porvair Price Performance

The firm has a market cap of £345.10 million, a PE ratio of 19.03 and a beta of 0.44. The stock has a 50 day simple moving average of GBX 841.14 and a two-hundred day simple moving average of GBX 789.82. The company has a debt-to-equity ratio of 15.77, a quick ratio of 1.22 and a current ratio of 2.54.

Porvair (LON:PRV) last issued its earnings results on Monday, February 9th. The company reported GBX 42.30 EPS for the quarter. Porvair had a return on equity of 11.21% and a net margin of 9.36%. Sell-side analysts expect that Porvair plc will post 39.0358613 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Hooman Caman Javvi bought 1,100 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average cost of GBX 819 per share, for a total transaction of £9,009. Also, insider James Mills sold 37,000 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of GBX 810, for a total transaction of £299,700. In the last 90 days, insiders have purchased 15,104 shares of company stock worth $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.