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

Hunting PLC (LON:HTG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 345.50 ($4.37) and last traded at GBX 342 ($4.33), with a volume of 196391 shares changing hands. The stock had previously closed at GBX 334.50 ($4.23).

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Berenberg Bank increased their price objective on Hunting from GBX 345 ($4.37) to GBX 365 ($4.62) and gave the company a “buy” rating in a report on Wednesday, January 10th. Canaccord Genuity Group increased their price target on Hunting from GBX 400 ($5.06) to GBX 450 ($5.70) and gave the stock a “buy” rating in a research note on Friday, March 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Hunting presently has a consensus rating of “Buy” and a consensus target price of GBX 397 ($5.02).

Hunting Trading Up 1.4 %

The stock has a market cap of £581.41 million, a PE ratio of 631.82, a P/E/G ratio of 1.06 and a beta of 1.10. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 8.24. The firm has a 50-day simple moving average of GBX 313.51 and a 200-day simple moving average of GBX 296.98.

Hunting Dividend Announcement

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

Insider Buying and Selling at Hunting

In other 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 value of £87,748.80 ($111,060.37). Insiders own 7.40% of the company’s stock.

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.