Porvair (LON:PRV) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Porvair plc (LON:PRV)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 787.47 and traded as low as GBX 740. Porvair shares last traded at GBX 746, with a volume of 340,285 shares changing hands.

Analysts Set New Price Targets

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

Porvair Price Performance

The stock has a market capitalization of £343.88 million, a price-to-earnings ratio of 18.98 and a beta of 0.48. The company has a fifty day simple moving average of GBX 728.20 and a 200 day simple moving average of GBX 787.47. The company has a debt-to-equity ratio of 15.77, a quick ratio of 1.22 and a current ratio of 2.54.

Insider Activity at Porvair

In related news, insider Hooman Caman Javvi purchased 1,100 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average price of GBX 819 per share, for a total transaction of £9,009. Also, insider Lisa Anson bought 2,369 shares of Porvair stock in a transaction dated Monday, February 16th. The stock was acquired at an average cost of GBX 838 per share, with a total value of £19,852.22. Insiders bought 9,403 shares of company stock valued at $7,846,946 in the last three months. 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.