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Hunting (LON:HTG) Stock Passes Above 200-Day Moving Average - Here's Why

Hunting logo with Energy background

Hunting PLC (LON:HTG - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 292.21 ($3.99) and traded as high as GBX 313 ($4.27). Hunting shares last traded at GBX 306.50 ($4.18), with a volume of 247,934 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank cut their price objective on shares of Hunting from GBX 490 ($6.69) to GBX 480 ($6.55) and set a "buy" rating for the company in a research report on Wednesday, April 16th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 600 ($8.19) target price on shares of Hunting in a research report on Wednesday, April 16th.

View Our Latest Report on Hunting

Hunting Stock Performance

The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. The company has a market cap of £628.48 million, a P/E ratio of 5.11, a PEG ratio of 1.06 and a beta of 1.07. The business's 50 day simple moving average is GBX 267.06 and its 200 day simple moving average is GBX 292.21.

Hunting Company Profile

(Get Free Report)

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.

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