Hunting (LON:HTG) Trading 12% Higher - What's Next?

Shares of Hunting PLC (LON:HTG - Get Free Report) traded up 12% during mid-day trading on Wednesday . The stock traded as high as GBX 347 ($4.71) and last traded at GBX 336.50 ($4.57). 6,724,851 shares traded hands during mid-day trading, an increase of 887% from the average session volume of 681,271 shares. The stock had previously closed at GBX 300.50 ($4.08).

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group restated a "buy" rating and issued a GBX 600 ($8.15) target price on shares of Hunting in a report on Wednesday. Berenberg Bank restated a "buy" rating and issued a GBX 465 ($6.32) target price on shares of Hunting in a report on Wednesday.

Hunting Stock Up 1.8%

The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64. The company's fifty day moving average is GBX 271.70 and its 200-day moving average is GBX 292.71. The company has a market cap of £653.08 million, a PE ratio of 5.31, a PEG 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.