The stock of Porvair plc (LON:PRV) hit a new 52-week high and has GBX 414.06 target or 3.00% above today’s GBX 402.00 share price. The 8 months bullish chart indicates low risk for the GBX 181.20 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 414.06 price target is reached, the company will be worth GBX 5.44M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 1.71% or GBX 7 on November 25, hitting GBX 402. About 20,875 shares traded hands. Porvair plc (LON:PRV) has risen 23.69% since April 28, 2016 and is uptrending. It has outperformed by 18.28% the S&P500.
Another recent and important Porvair plc (LON:PRV) news was published by Fool.Co.Uk which published an article titled: “Should you buy, sell or hold ARM Holdings plc, Banco Santander SA and Porvair …” on June 27, 2016.
Porvair plc is a specialist filtration and environmental technology firm engaged in the development, design and manufacture of filtration and separation equipment. The company has a market cap of 181.20 million GBP. The Company’s operating divisions include Metals Filtration and Microfiltration. It has a 25.28 P/E ratio. The Metals Filtration Division creates and makes porous ceramic filters for the filtration of molten metals, principally aluminum.
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