Porvair (LON:PRV) Stock Price Passes Above 50 Day Moving Average of $634.63

Shares of Porvair plc (LON:PRV) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 634.63 ($7.90) and traded as high as GBX 668 ($8.32). Porvair shares last traded at GBX 650 ($8.09), with a volume of 36,210 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “hold” rating on shares of Porvair in a report on Tuesday.

Porvair Stock Down 1.0 %

The company has a quick ratio of 1.22, a current ratio of 2.22 and a debt-to-equity ratio of 11.52. The firm’s 50-day moving average price is GBX 633.31 and its 200 day moving average price is GBX 612.34. The firm has a market cap of £284.65 million, a P/E ratio of 1,754.29 and a beta of 0.76.

Porvair Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 2nd will be given a GBX 4 ($0.05) dividend. This is a boost from Porvair’s previous dividend of $2.00. The ex-dividend date is Thursday, May 2nd. This represents a yield of 0.61%. Porvair’s dividend payout ratio is 1,714.29%.

Insider Activity

In related news, insider Ben Stocks sold 265,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of GBX 650 ($8.09), for a total value of £1,722,500 ($2,144,279.85). Corporate insiders own 19.83% of the company’s stock.

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.