Porvair plc (LON:PRV) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $579.21 and traded as low as $559.24. Porvair shares last traded at $598.00, with a volume of 142,083 shares trading hands.
A number of equities research analysts have recently weighed in on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 590 ($7.71) price target (up from GBX 580 ($7.58)) on shares of Porvair in a research report on Monday, June 24th. Shore Capital restated a “buy” rating and set a GBX 610 ($7.97) price objective (up from GBX 550 ($7.19)) on shares of Porvair in a research report on Monday, June 24th.
The firm has a market capitalization of $274.14 million and a price-to-earnings ratio of 25.34. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.61 and a quick ratio of 0.97. The firm’s 50-day simple moving average is GBX 579.21 and its 200 day simple moving average is GBX 548.11.
In other Porvair news, insider Ben Stocks sold 76,700 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of GBX 582 ($7.60), for a total transaction of £446,394 ($583,292.83).
About Porvair (LON:PRV)
Porvair plc, a filtration and environmental technology company, designs, develops, and sells specialist filtration and separation equipment. It operates in three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for applications in aerospace, energy, and industrial applications.
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