Porvair (LON:PRV) Share Price Passes Below 50-Day Moving Average - Time to Sell?

Key Points

• Porvair plc's stock price has dropped below its fifty-day moving average of GBX 767.86, trading as low as GBX 714 during the recent session.
• Shore Capital has reaffirmed a "hold" rating on Porvair shares following the decline, indicating a cautious outlook from analysts.
• The company reported a earnings per share (EPS) of GBX 20 for its last quarter, with analysts forecasting an average EPS of approximately 39.04 for the current fiscal year.

Porvair plc (LON:PRV - Get Free Report)'s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 767.86 ($10.41) and traded as low as GBX 714 ($9.68). Porvair shares last traded at GBX 724 ($9.81), with a volume of 59,066 shares changing hands.

Porvair Stock Down 5.4%

The company has a quick ratio of 1.22, a current ratio of 1.83 and a debt-to-equity ratio of 19.67. The company has a fifty day moving average price of GBX 760.50 and a 200-day moving average price of GBX 734.81. The stock has a market capitalization of £320.29 million, a P/E ratio of 20.75 and a beta of 0.76.

Porvair (LON:PRV - Get Free Report) last issued its quarterly earnings data on Monday, June 30th. The company reported GBX 20 ($0.27) earnings per share for the quarter. Porvair had a return on equity of 10.75% and a net margin of 8.57%. As a group, research analysts forecast that Porvair plc will post 39.0358613 EPS for the current fiscal year.

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.