Porvair (LON:PRV) Shares Pass Below 200 Day Moving Average – Time to Sell?

Porvair plc (LON:PRV)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 787.47 and traded as low as GBX 740. Porvair shares last traded at GBX 746, with a volume of 340,285 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “hold” rating on shares of Porvair in a report on Monday, February 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Porvair Stock Down 0.3%

The stock has a fifty day moving average price of GBX 728.20 and a 200-day moving average price of GBX 787.47. The firm has a market cap of £343.88 million, a PE ratio of 18.98 and a beta of 0.48. The company has a debt-to-equity ratio of 15.77, a quick ratio of 1.22 and a current ratio of 2.54.

Insider Activity at Porvair

In related news, insider Lisa Anson purchased 2,369 shares of Porvair stock in a transaction dated Monday, February 16th. The shares were acquired at an average price of GBX 838 per share, with a total value of £19,852.22. Also, insider James Mills sold 37,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of GBX 810, for a total transaction of £299,700. Insiders have purchased 9,403 shares of company stock valued at $7,846,946 over the last ninety days. Corporate insiders own 1.79% of the company’s stock.

About Porvair

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.