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

Key Points

• Porvair plc's stock has crossed below its 200-day moving average, currently trading at GBX 746 ($10.00), against a 200-day moving average of GBX 743.86 ($9.97).
• Shore Capital has reiterated a "hold" rating for Porvair, indicating that analysts do not expect significant changes in the stock's performance in the near term.
• The company has a market capitalization of £346.92 million and a notably high P/E ratio of 2,049.05, suggesting potential concerns about valuation.

Porvair plc (LON:PRV - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 743.86 ($9.97) and traded as low as GBX 740 ($9.92). Porvair shares last traded at GBX 746 ($10.00), with a volume of 35,324 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "hold" rating on shares of Porvair in a research note on Tuesday, September 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

Porvair Price Performance

The company has a 50 day moving average of GBX 729.44 and a 200-day moving average of GBX 743.86. The firm has a market capitalization of £346.92 million, a P/E ratio of 2,049.05 and a beta of 0.76. The company has a current ratio of 1.83, a quick ratio of 1.22 and a debt-to-equity ratio of 19.67.

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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