Porvair (LON:PRV) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Porvair plc (LON:PRV) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Porvair Stock Down 0.5%

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 business’s fifty day moving average price is GBX 831.46 and its two-hundred day moving average price is GBX 792.23. The firm has a market cap of £345.10 million, a P/E ratio of 19.03 and a beta of 0.44.

Porvair (LON:PRV) last issued its quarterly earnings data on Monday, February 9th. The company reported GBX 42.30 earnings per share (EPS) for the quarter. Porvair had a net margin of 9.36% and a return on equity of 11.21%. As a group, equities research analysts anticipate that Porvair plc will post 39.0358613 EPS for the current year.

Insiders Place Their Bets

In related news, insider Hooman Caman Javvi purchased 1,100 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was bought at an average price of GBX 819 per share, for a total transaction of £9,009. Also, insider Lisa Anson acquired 2,369 shares of the stock in a transaction dated Monday, February 16th. The shares were bought at an average cost of GBX 838 per share, for a total transaction of £19,852.22. Insiders purchased 15,104 shares of company stock valued at $12,806,816 over the last quarter. Insiders own 1.79% 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. 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.