Hunting (LON:HTG) Stock Passes Above Two Hundred Day Moving Average of $301.43

Hunting PLC (LON:HTG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 301.43 ($3.72) and traded as high as GBX 360 ($4.45). Hunting shares last traded at GBX 360 ($4.45), with a volume of 526,969 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HTG shares. Berenberg Bank boosted their target price on Hunting from GBX 345 ($4.26) to GBX 365 ($4.51) and gave the company a “buy” rating in a research note on Wednesday, January 10th. Canaccord Genuity Group upped their price objective on shares of Hunting from GBX 400 ($4.94) to GBX 450 ($5.56) and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 400 ($4.94) target price on shares of Hunting in a research note on Thursday, April 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hunting currently has an average rating of “Buy” and an average target price of GBX 407 ($5.03).

Hunting Price Performance

The firm has a 50-day simple moving average of GBX 325.42 and a 200 day simple moving average of GBX 301.43. The firm has a market cap of £602.03 million, a PE ratio of 654.55, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10. The company has a debt-to-equity ratio of 8.24, a current ratio of 2.78 and a quick ratio of 2.08.

Hunting Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 11th will be issued a $0.05 dividend. This represents a yield of 1.18%. The ex-dividend date is Thursday, April 11th. Hunting’s dividend payout ratio (DPR) is presently 1,454.55%.

Insider Buying and Selling at Hunting

In other Hunting news, insider Bruce Ferguson sold 28,960 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of GBX 303 ($3.74), for a total value of £87,748.80 ($108,385.38). Insiders own 7.40% of the company’s stock.

About Hunting

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.