Hunting (LON:HTG) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Hunting PLC's shares crossed above the 200-day moving average, trading as high as GBX 324 ($4.33) before closing at GBX 318 ($4.25).
• Analysts from Berenberg Bank and Canaccord Genuity Group have set target prices of GBX 465 ($6.21) and GBX 600 ($8.02), respectively, both maintaining a "buy" rating.
• The company's market capitalization stands at £657.25 million, with a price-to-earnings ratio of 5.34, indicating strong potential for growth in the energy sector.

Shares of Hunting PLC (LON:HTG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 294.27 ($3.89) and traded as high as GBX 324 ($4.28). Hunting shares last traded at GBX 318 ($4.20), with a volume of 219,394 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 600 ($7.93) price objective on shares of Hunting in a research note on Wednesday, July 9th. Berenberg Bank restated a "buy" rating and set a GBX 465 ($6.14) price target on shares of Hunting in a report on Monday, July 21st.

Hunting Stock Performance

The stock has a fifty day simple moving average of GBX 288.24 and a two-hundred day simple moving average of GBX 294.66. The company has a debt-to-equity ratio of 11.64, a quick ratio of 2.08 and a current ratio of 2.69. The stock has a market capitalization of £610.02 million, a price-to-earnings ratio of 4.96, a P/E/G ratio of 1.06 and a beta of 1.07.

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.