Porvair (LON:PRV) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of Porvair plc (LON:PRV) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 748.52 and traded as high as GBX 840. Porvair shares last traded at GBX 830, with a volume of 26,720 shares traded.

Wall Street Analyst Weigh In

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

Porvair Price Performance

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 company has a market cap of £384.44 million, a PE ratio of 21.22 and a beta of 0.48. The firm has a 50 day moving average of GBX 748.52 and a two-hundred day moving average of GBX 791.66.

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.