Porvair (LON:PRV) Share Price Passes Below 50 Day Moving Average of $579.21

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.

The company also recently disclosed a dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 0.29%. Porvair’s dividend payout ratio is currently 0.21%.

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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