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

Key Points

• Porvair plc's stock price fell below its 50-day moving average of GBX 725.44, with recent trading as low as GBX 714.98.
• The company has a market capitalization of £335.85 million and an estimated earnings per share of 39.04 for the current fiscal year.
• Shore Capital has reiterated a "hold" rating on Porvair shares, with the stock currently rated as "Hold" by analysts.

Porvair plc (LON:PRV - Get Free Report)'s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 725.44 ($9.80) and traded as low as GBX 714.98 ($9.66). Porvair shares last traded at GBX 718 ($9.70), with a volume of 71,105 shares trading hands.

Analyst Ratings Changes

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

Porvair Stock Performance

The stock has a market capitalization of £335.85 million, a price-to-earnings ratio of 1,983.65 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. The stock's 50 day moving average is GBX 725.44 and its two-hundred day moving average is GBX 738.24.

Porvair (LON:PRV - Get Free Report) last announced 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%. Analysts expect that Porvair plc will post 39.0358613 earnings per share 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.

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