Porvair's (PRV) "Hold" Rating Reiterated at Shore Capital

Shore Capital reaffirmed their hold rating on shares of Porvair (LON:PRV - Free Report) in a report issued on Tuesday, Marketbeat.com reports.

Porvair Stock Performance

PRV traded down GBX 30 ($0.37) during trading on Tuesday, reaching GBX 620 ($7.72). 51,632 shares of the company's stock were exchanged, compared to its average volume of 48,894. Porvair has a 1 year low of GBX 522 ($6.50) and a 1 year high of GBX 680 ($8.47). The company has a debt-to-equity ratio of 11.52, a current ratio of 2.22 and a quick ratio of 1.22. The stock has a market capitalization of £287.43 million, a P/E ratio of 1,771.43 and a beta of 0.76. The company's fifty day simple moving average is GBX 634.03 and its 200-day simple moving average is GBX 612.33.

Porvair Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 2nd will be issued a GBX 4 ($0.05) dividend. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Porvair's previous dividend of $2.00. Porvair's payout ratio is presently 1,714.29%.

Insider Buying and Selling

In related news, insider Ben Stocks sold 265,000 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of GBX 650 ($8.09), for a total value of £1,722,500 ($2,144,279.85). 19.83% of the stock is owned by insiders.

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.