Porvair (LON:PRV) Share Price Breaks Above 50 Day Moving Average – Should You Sell?

Shares of Porvair plc (LON:PRV) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 870.81 and traded as high as GBX 876. Porvair shares last traded at GBX 872, with a volume of 22,795 shares.

Wall Street Analysts Forecast Growth

Several research firms have commented on PRV. Berenberg Bank lowered their price target on Porvair from GBX 1,050 to GBX 1,000 and set a “buy” rating for the company in a report on Thursday, October 15th. Deutsche Bank reiterated a “buy” rating and set a GBX 1,050 price objective on shares of Porvair in a report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,025.

Porvair Stock Performance

The company has a market cap of £401.09 million, a price-to-earnings ratio of 21.49 and a beta of 0.52. The stock’s fifty day simple moving average is GBX 870.81 and its two-hundred day simple moving average is GBX 817.99. The company has a debt-to-equity ratio of 14.49, a quick ratio of 1.22 and a current ratio of 1.94.

Insiders Place Their Bets

In other news, insider Hooman Caman Javvi bought 5,946 shares of Porvair stock in a transaction that occurred on Monday, October 26th. The shares were purchased at an average price of GBX 833 per share, for a total transaction of £49,530.18. Also, insider James Mills bought 3,897 shares of Porvair stock in a transaction that occurred on Thursday, October 15th. The stock was purchased at an average price of GBX 890 per share, for a total transaction of £34,683.30. Over the last 90 days, insiders have bought 15,410 shares of company stock valued at $13,375,978. Insiders own 1.86% 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.