Porvair (LON:PRV) Shares Cross Below 200-Day Moving Average - Should You Sell?

Key Points

• Porvair plc's share price fell below its 200-day moving average, trading as low as GBX 722.33 ($9.80) compared to the average of GBX 737.67 ($10.01).
• The company has a market capitalization of £334 million and a very high P/E ratio of 1,972.75, signaling potential overvaluation concerns.
• In its latest quarterly earnings, Porvair reported an EPS of GBX 20, with a net margin of 8.57% and analysts forecast an EPS of approximately 39.03 for the current year.

Porvair plc (LON:PRV - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 737.67 ($10.00) and traded as low as GBX 722.33 ($9.79). Porvair shares last traded at GBX 724 ($9.81), with a volume of 37,734 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated a "hold" rating on shares of Porvair in a report on Tuesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

Porvair Stock Performance

The company has a debt-to-equity ratio of 19.67, a current ratio of 1.83 and a quick ratio of 1.22. The stock has a 50-day simple moving average of GBX 726 and a 200-day simple moving average of GBX 737.31. The stock has a market cap of £330.31 million, a P/E ratio of 1,950.95 and a beta of 0.76.

Porvair (LON:PRV - Get Free Report) last released its earnings results on Monday, June 30th. The company reported GBX 20 earnings per share (EPS) for the quarter. Porvair had a return on equity of 10.75% and a net margin of 8.57%. Research analysts forecast that Porvair plc will post 39.0358613 earnings per share for the current year.

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.