Porvair (LON:PRV) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Porvair plc (LON:PRV) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 677.85 ($8.34) and traded as high as GBX 720.70 ($8.87). Porvair shares last traded at GBX 704 ($8.67), with a volume of 30,633 shares trading hands.

Analyst Upgrades and Downgrades

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

Porvair Stock Performance

The business’s 50-day moving average is GBX 678.45 and its 200 day moving average is GBX 661.27. The company has a debt-to-equity ratio of 19.67, a quick ratio of 1.22 and a current ratio of 1.83. The company has a market cap of £317.19 million, a PE ratio of 2,029.41 and a beta of 0.76.

Insider Activity

In other news, insider Sheena Mackay bought 2,956 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of GBX 673 ($8.29) per share, for a total transaction of £19,893.88 ($24,490.80). 21.55% of the stock is currently owned by corporate 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.