Porvair (LON:PRV) Stock Breaks Above Fifty Day Moving Average - Time to Sell?

Key Points

• Porvair shares moved above their 50-day moving average, reaching GBX 880 and last trading at GBX 874, versus a 50-day average of GBX 868.81.
• Analysts give the stock a “Moderate Buy” consensus, with an average price target of GBX 1,025; Berenberg lowered its target to GBX 1,000 but maintained a Buy rating.
• Company insiders bought a combined 15,410 shares over the past three months, and insiders own 1.83% of the company.

Shares of Porvair plc (LON:PRV - Get Free Report) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 868.81 and traded as high as GBX 880. Porvair shares last traded at GBX 874, with a volume of 131,076 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 1,050 price objective on shares of Porvair in a research note on Thursday, October 15th. Berenberg Bank reduced their target price on shares of Porvair from GBX 1,050 to GBX 1,000 and set a "buy" rating on the stock in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 1,025.

Porvair Price Performance

The stock has a market capitalization of £402.91 million, a P/E ratio of 21.58 and a beta of 0.52. The company's 50 day simple moving average is GBX 868.81 and its two-hundred day simple moving average is GBX 818.42. The company has a debt-to-equity ratio of 14.49, a current ratio of 1.94 and a quick ratio of 1.22.

Insider Activity at Porvair

In other Porvair news, insider Hooman Caman Javvi purchased 5,946 shares of the firm's stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average cost of GBX 833 per share, for a total transaction of £49,530.18. Also, insider James Mills purchased 3,897 shares of the company's stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average cost of GBX 890 per share, with a total value of £34,683.30. Insiders bought a total of 15,410 shares of company stock worth $13,375,978 over the last three months. 1.83% of the stock is owned by company insiders.

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. The Laboratory segment is involved in the design and manufacture of instruments and consumables for use in environmental and bioscience laboratories with a focus on water analysis instruments, diagnostics, and sample preparation equipment.

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