Porvair (LON:PRV) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Porvair plc's stock price recently crossed above its 50-day moving average, reaching a high of GBX 760 ($10.22) on Tuesday.
• Shore Capital has reiterated a "hold" rating for Porvair, with the stock currently holding an average rating of "Hold" from analysts.
• The company's financial metrics include a debt-to-equity ratio of 19.67 and a market capitalization of £343.03 million.

Porvair plc (LON:PRV - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 728.56 ($9.80) and traded as high as GBX 760 ($10.22). Porvair shares last traded at GBX 744 ($10.00), with a volume of 11,913 shares.

Wall Street Analyst Weigh In

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

Porvair Stock Down 0.1%

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 market cap of £343.03 million, a price-to-earnings ratio of 2,026.05 and a beta of 0.76. The stock's fifty day moving average is GBX 728.56 and its two-hundred day moving average is GBX 740.88.

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

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