Hunting (LON:HTG) Hits New 52-Week High at $345.50

Hunting PLC (LON:HTG - Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 345.50 ($4.37) and last traded at GBX 342 ($4.33), with a volume of 196391 shares trading hands. The stock had previously closed at GBX 334.50 ($4.23).

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Berenberg Bank raised their target price on shares of Hunting from GBX 345 ($4.37) to GBX 365 ($4.62) and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Canaccord Genuity Group raised their price objective on shares of Hunting from GBX 400 ($5.06) to GBX 450 ($5.70) and gave the stock a "buy" rating in a research report on Friday, March 1st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 397 ($5.02).

Hunting Stock Up 2.5 %

The company has a market capitalization of £565.74 million, a PE ratio of 623.64, a P/E/G ratio of 1.06 and a beta of 1.10. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 8.24. The firm has a 50 day simple moving average of GBX 312.82 and a two-hundred day simple moving average of GBX 296.81.

Hunting Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 1.18%. Hunting's dividend payout ratio (DPR) is 1,454.55%.

Insiders Place Their Bets

In related news, insider Bruce Ferguson sold 28,960 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.83), for a total transaction of £87,748.80 ($111,060.37). 7.40% of the stock is owned by insiders.

About Hunting

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.