Porvair (LON:PRV) Earns "Hold" Rating from Shore Capital

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

Porvair Price Performance

Shares of Porvair stock traded down GBX 28 ($0.37) during trading on Tuesday, reaching GBX 734 ($9.76). The company's stock had a trading volume of 45,923 shares, compared to its average volume of 74,161. The company has a current ratio of 1.83, a quick ratio of 1.22 and a debt-to-equity ratio of 19.67. The stock has a market capitalization of £335.84 million, a P/E ratio of 21.76 and a beta of 0.76. Porvair has a one year low of GBX 594 ($7.90) and a one year high of GBX 762 ($10.13). The stock has a 50-day moving average price of GBX 690.36 and a two-hundred day moving average price of GBX 680.29.

Porvair (LON:PRV - Get Free Report) last released its earnings results on Monday, February 10th. The company reported GBX 38.60 ($0.51) earnings per share for the quarter. Porvair had a return on equity of 10.75% and a net margin of 8.57%. As a group, sell-side analysts anticipate that Porvair will post 39.0358613 EPS for the current fiscal year.

Porvair Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, May 1st will be issued a dividend of GBX 4.20 ($0.06) per share. The ex-dividend date is Thursday, May 1st. This represents a yield of 0.64%. This is a boost from Porvair's previous dividend of $2.10. Porvair's dividend payout ratio (DPR) is 17.79%.

Insider Activity

In other news, insider Ben Stocks sold 70,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of GBX 716 ($9.52), for a total transaction of £501,200 ($666,400.74). 21.55% of the stock is currently owned by company 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.