Porvair (LON:PRV) Share Price Crosses Below 50-Day Moving Average of $570.49

Porvair plc (LON:PRVGet Rating) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 570.49 ($6.89) and traded as low as GBX 520 ($6.28). Porvair shares last traded at GBX 550 ($6.65), with a volume of 6,823 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Porvair in a report on Tuesday, September 13th.

Porvair Trading Down 8.7 %

The business has a fifty day moving average of GBX 567.89 and a 200-day moving average of GBX 586.45. The company has a debt-to-equity ratio of 12.60, a quick ratio of 1.22 and a current ratio of 2.00. The company has a market capitalization of £231.93 million and a P/E ratio of 1,930.77.

Porvair Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, August 26th. Investors of record on Thursday, July 21st were issued a GBX 1.90 ($0.02) dividend. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, July 21st. Porvair’s dividend payout ratio is currently 20.38%.

Porvair Company Profile

(Get Rating)

Porvair plc, a filtration and environmental technology company, designs, manufactures, and sells filtration and separation equipment primarily in the United Kingdom. It operates in 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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