Hunting (LON:HTG) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Hunting PLC (LON:HTG) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 337.02 and traded as high as GBX 385.50. Hunting shares last traded at GBX 378.50, with a volume of 442,780 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HTG. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 600 target price on shares of Hunting in a research report on Thursday, October 23rd. Berenberg Bank cut their price objective on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Finally, Jefferies Financial Group lifted their target price on shares of Hunting from GBX 350 to GBX 400 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 498.

Hunting Price Performance

The firm’s fifty day moving average price is GBX 369.14 and its 200 day moving average price is GBX 337.02. The firm has a market capitalization of £578.09 million, a PE ratio of -18.00, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64.

Insider Buying and Selling at Hunting

In related news, insider Margaret Amos acquired 5,136 shares of Hunting stock in a transaction on Friday, December 12th. The stock was acquired at an average price of GBX 387 per share, for a total transaction of £19,876.32. Also, insider Bruce Ferguson acquired 2,122 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of GBX 348 per share, with a total value of £7,384.56. Over the last ninety days, insiders have purchased 45,258 shares of company stock valued at $16,786,088. Company insiders own 3.14% of the company’s stock.

Hunting Company Profile

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.