Free Trial

Porvair (LON:PRV) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Porvair logo with Industrials background

Key Points

  • Porvair plc passed above its 50-day moving average of GBX 729.44, reaching a current price of GBX 746 ($10.00) with a trading volume of 35,324 shares.
  • Shore Capital maintained a "hold" rating on Porvair as the stock currently holds a consensus rating of "Hold" from analysts.
  • Porvair has a market cap of £346.92 million and a PE ratio of 2,049.05, indicating a high valuation relative to its earnings.
  • Five stocks to consider instead of Porvair.

Porvair plc (LON:PRV - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 729.44 ($9.78) and traded as high as GBX 756 ($10.13). Porvair shares last traded at GBX 746 ($10.00), with a volume of 35,324 shares.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "hold" rating on shares of Porvair in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold".

Read Our Latest Report on Porvair

Porvair Stock Performance

The firm's 50-day moving average is GBX 729.44 and its 200 day moving average is GBX 743.86. The stock has a market cap of £346.92 million, a PE ratio of 2,049.05 and a beta of 0.76. The company has a debt-to-equity ratio of 19.67, a quick ratio of 1.22 and a current ratio of 1.83.

Porvair Company Profile

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Porvair Right Now?

Before you consider Porvair, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Porvair wasn't on the list.

While Porvair currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.