Porvair (LON:PRV) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Porvair plc (LON:PRV) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 674.19 ($8.74) and traded as low as GBX 656 ($8.51). Porvair shares last traded at GBX 663.36 ($8.60), with a volume of 24,151 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of Porvair in a research note on Tuesday, December 10th.

Porvair Stock Up 1.2 %

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 business’s 50-day simple moving average is GBX 692.17 and its 200-day simple moving average is GBX 673.94. The company has a market capitalization of £301.98 million, a PE ratio of 19.57 and a beta of 0.76.

Porvair (LON:PRV) last issued its earnings results on Monday, February 10th. The company reported GBX 38.60 ($0.50) earnings per share (EPS) for the quarter. Porvair had a net margin of 8.57% and a return on equity of 10.75%. As a group, equities research analysts anticipate that Porvair plc will post 39.0358613 EPS for the current fiscal year.

Porvair Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 1st will be paid a GBX 4.20 ($0.05) dividend. This is an increase from Porvair’s previous dividend of $2.10. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 0.64%. Porvair’s dividend payout ratio is presently 17.79%.

Insider Activity at Porvair

In related news, insider Ben Stocks sold 70,000 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of GBX 716 ($9.28), for a total transaction of £501,200 ($649,896.27). 21.55% 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.