Hunting (LON:HTG) Sets New 12-Month Low - Here's What Happened

Shares of Hunting PLC (LON:HTG - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 245 ($3.26) and last traded at GBX 251.50 ($3.34), with a volume of 7932 shares traded. The stock had previously closed at GBX 253 ($3.36).

Analysts Set New Price Targets

Several brokerages recently commented on HTG. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 600 ($7.97) price objective on shares of Hunting in a report on Wednesday, April 16th. Berenberg Bank lowered their price objective on Hunting from GBX 490 ($6.51) to GBX 480 ($6.38) and set a "buy" rating on the stock in a research report on Wednesday, April 16th.

Hunting Price Performance

The firm has a fifty day moving average of GBX 275.48 and a two-hundred day moving average of GBX 301.38. The stock has a market capitalization of £549.53 million, a P/E ratio of 4.47, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08.

Hunting Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 9th. Investors of record on Thursday, April 10th were paid a $0.06 dividend. The ex-dividend date was Thursday, April 10th. This is a boost from Hunting's previous dividend of $0.06. This represents a yield of 1.57%. Hunting's dividend payout ratio (DPR) is 13.34%.

Insider Transactions at Hunting

In other Hunting news, insider Arthur James Johnson sold 470,771 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of GBX 295 ($3.92), for a total value of £1,388,774.45 ($1,845,302.22). Company insiders own 18.20% of the company's stock.

About Hunting

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.