Porvair (LON:PRV) Stock Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Porvair plc shares have crossed above their 50-day moving average of GBX 734.76, reaching a trading high of GBX 774 ($10.30) recently.
• Shore Capital has reaffirmed a "hold" rating on Porvair shares, contributing to a current consensus rating of "Hold" among analysts.
• The company's market cap stands at £357.07 million, with a price-to-earnings ratio of 21.09 and a debt-to-equity ratio of 19.67.

Porvair plc (LON:PRV - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 734.76 ($9.78) and traded as high as GBX 774 ($10.30). Porvair shares last traded at GBX 774 ($10.30), with a volume of 9,405 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "hold" rating on shares of Porvair in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Porvair Price Performance

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 company has a 50-day simple moving average of GBX 734.76 and a 200-day simple moving average of GBX 750.99. The company has a market cap of £357.07 million, a price-to-earnings ratio of 21.09 and a beta of 0.76.

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.

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