Shore Capital Reaffirms “Hold” Rating for Porvair (LON:PRV)

Shore Capital reaffirmed their hold rating on shares of Porvair (LON:PRV) in a report published on Tuesday morning, MarketBeat.com reports.

Porvair Trading Down 0.3 %

PRV opened at GBX 612 ($7.62) on Tuesday. Porvair has a 12 month low of GBX 522 ($6.50) and a 12 month high of GBX 680 ($8.47). The stock has a fifty day moving average price of GBX 632.51 and a 200-day moving average price of GBX 612.34. The company has a current ratio of 2.22, a quick ratio of 1.22 and a debt-to-equity ratio of 11.52. The firm has a market cap of £283.72 million, a price-to-earnings ratio of 1,748.57 and a beta of 0.76.

Porvair Increases Dividend

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

Insider Buying and Selling at Porvair

In other Porvair news, insider Ben Stocks sold 265,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of GBX 650 ($8.09), for a total transaction of £1,722,500 ($2,144,279.85). Company 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.