Porvair (LON:PRV) Stock Rating Reaffirmed by Shore Capital

Shore Capital reissued their hold rating on shares of Porvair (LON:PRV) in a report issued on Tuesday morning, Marketbeat reports.

Porvair Price Performance

PRV stock opened at GBX 612 ($7.62) on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.22 and a debt-to-equity ratio of 11.52. Porvair has a 12-month low of GBX 522 ($6.50) and a 12-month high of GBX 680 ($8.47). The company has a market cap of £283.72 million, a price-to-earnings ratio of 1,748.57 and a beta of 0.76. The firm has a 50 day moving average of GBX 632.51 and a 200-day moving average of GBX 612.34.

Porvair Increases Dividend

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

Insider Buying and Selling

In other Porvair news, insider Ben Stocks sold 265,000 shares of the business’s stock in a transaction 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). 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.