Porvair (LON:PRV) Stock Passes Below 50 Day Moving Average of $570.49

Porvair plc (LON:PRVGet Rating)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Wall Street Analyst Weigh In

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

Porvair Trading Up 6.2 %

The firm has a market capitalization of £254.11 million and a P/E ratio of 2,115.38. The business’s 50-day moving average is GBX 570.49 and its 200 day moving average is GBX 587.39. The company has a debt-to-equity ratio of 12.60, a current ratio of 2.00 and a quick ratio of 1.22.

Porvair Cuts Dividend

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

About Porvair

(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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