Porvair (LON:PRV) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Porvair plc (LON:PRV - Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 686.92 ($9.13) and traded as high as GBX 708 ($9.41). Porvair shares last traded at GBX 700 ($9.31), with a volume of 347,077 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated a "hold" rating on shares of Porvair in a research note on Tuesday.

Porvair Price Performance

The firm has a 50 day moving average of GBX 690.36 and a 200-day moving average of GBX 680.26. The company has a market cap of £335.84 million, a P/E ratio of 21.76 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 (LON:PRV - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The company reported GBX 38.60 ($0.51) earnings per share (EPS) for the quarter. Porvair had a net margin of 8.57% and a return on equity of 10.75%. On average, equities research analysts predict that Porvair plc will post 39.0358613 EPS for the current year.

Porvair Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 1st will be given a dividend of GBX 4.20 ($0.06) per share. This is a positive change from Porvair's previous dividend of $2.10. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 0.64%. Porvair's dividend payout ratio (DPR) is presently 17.79%.

Insider Buying and Selling

In related news, insider Ben Stocks sold 70,000 shares of Porvair stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of GBX 716 ($9.52), for a total value of £501,200 ($666,400.74). 21.55% of the stock is owned by company insiders.

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.