Porvair (LON:PRV) Posts Earnings Results

Porvair (LON:PRV) released its earnings results on Monday. The company reported GBX 38.60 ($0.48) earnings per share for the quarter, Digital Look Earnings reports. Porvair had a return on equity of 10.90% and a net margin of 8.57%.

Porvair Price Performance

Porvair stock traded down GBX 2.46 ($0.03) during trading hours on Wednesday, hitting GBX 707.54 ($8.81). 15,708 shares of the stock were exchanged, compared to its average volume of 52,073. The stock has a market capitalization of £325.26 million, a P/E ratio of 2,081.00 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. Porvair has a 12 month low of GBX 594 ($7.40) and a 12 month high of GBX 745.70 ($9.29). The business’s 50-day moving average is GBX 688.15 and its two-hundred day moving average is GBX 663.97.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “hold” rating on shares of Porvair in a research note on Tuesday, December 10th.

Insider Buying and Selling

In related news, insider Sheena Mackay bought 2,956 shares of the company’s stock in a transaction on Friday, November 29th. The stock was bought at an average cost of GBX 673 ($8.38) per share, with a total value of £19,893.88 ($24,771.36). 21.55% of the stock is owned by corporate insiders.

About Porvair

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.