Hunting (LON:HTG) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Shares of Hunting PLC (LON:HTG - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 292.24 ($4.01) and traded as high as GBX 294.50 ($4.04). Hunting shares last traded at GBX 293.50 ($4.03), with a volume of 472,836 shares.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Berenberg Bank decreased their target price on shares of Hunting from GBX 490 ($6.72) to GBX 480 ($6.59) and set a "buy" rating for the company in a research report on Wednesday, April 16th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 600 ($8.23) target price on shares of Hunting in a research report on Wednesday, April 16th.

Hunting Trading Up 1.1%

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's fifty day moving average is GBX 263.15 and its 200-day moving average is GBX 292.02. The firm has a market capitalization of £618.00 million, a P/E ratio of 5.02, a P/E/G ratio of 1.06 and a beta of 1.07.

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.