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

Porvair plc (LON:PRV)’s share price passed 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.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Porvair in a research report on Monday, February 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Porvair Price Performance

The firm has a market capitalization of £384.44 million, a P/E ratio of 21.22 and a beta of 0.48. The company has a debt-to-equity ratio of 15.77, a quick ratio of 1.22 and a current ratio of 2.54. The firm has a 50-day moving average of GBX 748.52 and a 200-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.