Hunting (LON:HTG) Stock Crosses Above 200-Day Moving Average of $294.17

Hunting PLC (LON:HTG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 294.17 ($3.72) and traded as high as GBX 335 ($4.23). Hunting shares last traded at GBX 334 ($4.22), with a volume of 415,468 shares traded.

Analyst Ratings Changes

HTG has been the subject of a number of recent research reports. Canaccord Genuity Group lifted their price target on shares of Hunting from GBX 400 ($5.05) to GBX 450 ($5.69) and gave the company a "buy" rating in a research report on Friday, March 1st. Berenberg Bank lifted their price target on shares of Hunting from GBX 345 ($4.36) to GBX 365 ($4.61) and gave the company a "buy" rating in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Hunting currently has a consensus rating of "Buy" and an average price target of GBX 397 ($5.02).

Hunting Price Performance

The business's 50 day moving average price is GBX 307.29 and its 200 day moving average price is GBX 294.17. The stock has a market capitalization of £545.13 million, a P/E ratio of 605.15, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10. The company has a debt-to-equity ratio of 8.24, a current ratio of 2.78 and a quick ratio of 2.08.

Hunting Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be paid a $0.05 dividend. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 1.18%. Hunting's dividend payout ratio is presently 1,454.55%.

Insider Transactions at Hunting

In other news, insider Bruce Ferguson sold 28,960 shares of Hunting stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.83), for a total value of £87,748.80 ($110,891.95). Company insiders own 7.40% of the company's stock.

Hunting Company Profile

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.