Porvair (LON:PRV) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Porvair plc (LON:PRV)’s share price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 868.81 and traded as high as GBX 880. Porvair shares last traded at GBX 874, with a volume of 131,076 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PRV. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,050 price target on shares of Porvair in a research report on Thursday, October 15th. Berenberg Bank lowered their price objective on shares of Porvair from GBX 1,050 to GBX 1,000 and set a “buy” rating for the company in a research report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,025.

Porvair Stock Down 0.5%

The firm has a 50 day moving average price of GBX 868.81 and a 200-day moving average price of GBX 818.42. The firm has a market cap of £402.91 million, a price-to-earnings ratio of 21.58 and a beta of 0.52. The company has a debt-to-equity ratio of 14.49, a current ratio of 1.94 and a quick ratio of 1.22.

Insider Activity

In other news, insider Hooman Caman Javvi acquired 5,946 shares of the company’s stock in a transaction on Monday, October 26th. The stock was purchased at an average cost of GBX 833 per share, with a total value of £49,530.18. Also, insider James Mills bought 3,897 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were acquired at an average price of GBX 890 per share, for a total transaction of £34,683.30. Insiders have acquired a total of 15,410 shares of company stock valued at $13,375,978 over the last three months. Company insiders own 1.83% of the company’s stock.

Porvair Company Profile

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.