H&T Group (LON:HAT) Stock Passes Above 200 Day Moving Average – Time to Sell?

H&T Group plc (LON:HAT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 414.40 ($5.56) and traded as high as GBX 640 ($8.59). H&T Group shares last traded at GBX 640 ($8.59), with a volume of 852,123 shares traded.

Wall Street Analyst Weigh In

HAT has been the topic of several research analyst reports. Canaccord Genuity Group raised their price objective on H&T Group from GBX 531 ($7.13) to GBX 559 ($7.50) and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Shore Capital reiterated a “house stock” rating on shares of H&T Group in a research note on Tuesday, March 18th.

H&T Group Price Performance

The company has a quick ratio of 4.55, a current ratio of 15.96 and a debt-to-equity ratio of 46.82. The company has a market capitalization of £278.88 million, a P/E ratio of 12.66 and a beta of 0.69. The business has a 50 day simple moving average of GBX 521.33 and a 200-day simple moving average of GBX 414.40.

H&T Group (LON:HAT) last posted its earnings results on Tuesday, March 18th. The company reported GBX 51.17 ($0.69) earnings per share (EPS) for the quarter. H&T Group had a return on equity of 12.14% and a net margin of 9.06%. Analysts predict that H&T Group plc will post 54.3859649 EPS for the current fiscal year.

H&T Group Company Profile

We are the UK’s largest pawnbroker and a leading retailer of high quality new and pre-owned jewellery and watches. We provide a range of transparent and accessible financial products tailored for a customer base which has limited access to, or is excluded from, the traditional banking sector.

Our vision is to make pawnbroking a more widely accepted and valued financial service by ensuring that borrowing against an asset is simple, inclusive and transparent.