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

Key Points

• Porvair shares fell below their 200-day moving average, trading as low as GBX 686 and last at GBX 724 against a 200-day MA of GBX 792.23.
• Analysts maintain a consensus Hold rating—Shore Capital reissued a "hold" on February 9—while the stock has a market cap of £334.0M and a P/E of 18.42.
• Notable insider activity: director James Mills sold 37,000 shares at GBX 810 (£299,700) on Feb 23, while Hooman Caman Javvi bought 1,100 shares at GBX 819 (£9,009); insiders own 1.79% of the company.

Porvair plc (LON:PRV - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 792.23 and traded as low as GBX 686. Porvair shares last traded at GBX 724, with a volume of 18,983 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a "hold" rating on shares of Porvair in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Porvair Stock Up 0.8%

The company has a market cap of £334.02 million, a PE ratio of 18.42 and a beta of 0.44. The firm has a fifty day simple moving average of GBX 814.46 and a 200 day simple moving average of GBX 792.23. The company has a debt-to-equity ratio of 15.77, a quick ratio of 1.22 and a current ratio of 2.54.

Porvair (LON:PRV - Get Free Report) last issued its earnings results on Monday, February 9th. The company reported GBX 42.30 earnings per share for the quarter. Porvair had a return on equity of 11.21% and a net margin of 9.36%. Equities research analysts predict that Porvair plc will post 39.0358613 EPS for the current year.

Insider Buying and Selling

In other Porvair news, insider James Mills sold 37,000 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of GBX 810, for a total value of £299,700. Also, insider Hooman Caman Javvi purchased 1,100 shares of the business's stock in a transaction dated Monday, February 23rd. The shares were acquired at an average cost of GBX 819 per share, for a total transaction of £9,009. Insiders have bought a total of 15,104 shares of company stock valued at $12,806,816 in the last quarter. Company insiders own 1.79% of the company's stock.

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. The Laboratory segment is involved in the design and manufacture of instruments and consumables for use in environmental and bioscience laboratories with a focus on water analysis instruments, diagnostics, and sample preparation equipment.

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