Porvair (LON:PRV) Shares Cross Below 200-Day Moving Average - What's Next?

Key Points

• Porvair plc shares fell below their 200-day moving average, trading as low as GBX 710 ($9.54) before closing at GBX 712 ($9.57).
• The company reported a net margin of 8.57% and a return on equity of 10.75%, with earnings per share of GBX 20 for the last quarter.
• Porvair operates in the filtration, laboratory, and environmental technology sectors, with a market capitalization of £332.16 million.

Porvair plc (LON:PRV - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 737.15 ($9.99) and traded as low as GBX 710 ($9.62). Porvair shares last traded at GBX 712 ($9.65), with a volume of 6,421 shares.

Porvair Trading Down 1.9%

The firm has a market cap of £333.08 million, a P/E ratio of 1,967.30 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. The firm has a fifty day moving average of GBX 728.36 and a 200-day moving average of GBX 737.69.

Porvair (LON:PRV - Get Free Report) last announced its quarterly 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%. Equities research analysts forecast that Porvair plc will post 39.0358613 earnings per share for the current year.

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.