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

Porvair plc (LON:PRV)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 870.81 and traded as high as GBX 876. Porvair shares last traded at GBX 872, with a volume of 22,795 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PRV. Berenberg Bank dropped their target price 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. Deutsche Bank restated a “buy” rating and issued a GBX 1,050 price target on shares of Porvair in a 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. Based on data from MarketBeat, Porvair has an average rating of “Moderate Buy” and a consensus target price of GBX 1,025.

Porvair Price Performance

The company has a debt-to-equity ratio of 14.49, a quick ratio of 1.22 and a current ratio of 1.94. The firm has a market cap of £401.09 million, a price-to-earnings ratio of 21.49 and a beta of 0.52. The company’s fifty day moving average is GBX 870.81 and its two-hundred day moving average is GBX 817.99.

Insider Buying and Selling at Porvair

In related news, insider Hooman Caman Javvi purchased 5,946 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was purchased at an average cost of GBX 833 per share, for a total transaction of £49,530.18. Also, insider James Mills acquired 3,897 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was bought at an average cost of GBX 890 per share, for a total transaction of £34,683.30. Over the last quarter, insiders purchased 15,410 shares of company stock valued at $13,375,978. 1.86% of the stock is owned by insiders.

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.