Porvair (LON:PRV) Receives Hold Rating from Shore Capital

Shore Capital reaffirmed their hold rating on shares of Porvair (LON:PRV) in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

Porvair Trading Up 1.1 %

Shares of Porvair stock opened at GBX 626.64 ($7.80) on Tuesday. The firm has a 50-day moving average of GBX 634.03 and a 200-day moving average of GBX 612.33. The stock has a market cap of £290.51 million, a PE ratio of 1,771.43 and a beta of 0.76. Porvair has a 52-week low of GBX 522 ($6.50) and a 52-week high of GBX 680 ($8.47). The company has a debt-to-equity ratio of 11.52, a quick ratio of 1.22 and a current ratio of 2.22.

Porvair Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 2nd will be given a dividend of GBX 4 ($0.05) per share. This is a boost from Porvair’s previous dividend of $2.00. The ex-dividend date is Thursday, May 2nd. This represents a yield of 0.61%. Porvair’s dividend payout ratio is currently 1,714.29%.

Insider Buying and Selling

In other Porvair news, insider Ben Stocks sold 265,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of GBX 650 ($8.09), for a total transaction of £1,722,500 ($2,144,279.85). 19.83% of the stock is currently owned by company insiders.

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.