Porvair (LON:PRV) Stock Crosses Above 50-Day Moving Average – What’s Next?

Porvair plc (LON:PRV)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 648.40 ($8.42) and traded as high as GBX 688 ($8.93). Porvair shares last traded at GBX 672 ($8.73), with a volume of 38,437 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PRV shares. Berenberg Bank reiterated a “buy” rating and set a GBX 800 ($10.39) target price on shares of Porvair in a report on Tuesday, July 2nd. Shore Capital reiterated a “hold” rating on shares of Porvair in a report on Monday, July 1st.

Porvair Trading Down 1.5 %

The firm has a market capitalization of £304.32 million, a PE ratio of 1,970.59 and a beta of 0.76. The company has a debt-to-equity ratio of 19.67, a quick ratio of 1.22 and a current ratio of 1.83. The firm has a fifty day moving average of GBX 649.08 and a 200 day moving average of GBX 651.13.

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.