Porvair (LON:PRV) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Porvair plc (LON:PRV) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 684.91 ($8.56) and traded as high as GBX 694 ($8.68). Porvair shares last traded at GBX 666 ($8.33), with a volume of 167,010 shares trading hands.

Analyst Ratings Changes

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

Porvair Trading Up 1.4 %

The stock’s fifty day simple moving average is GBX 684.91 and its 200-day simple moving average is GBX 663.55. The firm has a market cap of £310.30 million, a PE ratio of 1,985.29 and a beta of 0.76. The company has a debt-to-equity ratio of 19.67, a current ratio of 1.83 and a quick ratio of 1.22.

Insiders Place Their Bets

In related news, insider Sheena Mackay purchased 2,956 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was acquired at an average price of GBX 673 ($8.41) per share, with a total value of £19,893.88 ($24,870.46). Corporate 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.