Hunting (LON:HTG) Stock Price Passes Above 200 Day Moving Average of $298.17

Hunting PLC (LON:HTG)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 298.17 ($3.71) and traded as high as GBX 367.94 ($4.58). Hunting shares last traded at GBX 359 ($4.47), with a volume of 337,269 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HTG shares. Berenberg Bank increased their price objective on shares of Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Canaccord Genuity Group increased their price objective on shares of Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the stock a “buy” rating in a research report on Friday, March 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 397 ($4.94).

Hunting Stock Performance

The stock’s fifty day moving average is GBX 317.07 and its two-hundred day moving average is GBX 298.17. The firm has a market capitalization of £592.13 million, a price-to-earnings ratio of 652.73, 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 quick ratio of 2.08 and a current ratio of 2.78.

Hunting Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be issued a dividend of $0.05 per share. This represents a yield of 1.18%. The ex-dividend date of this dividend is Thursday, April 11th. Hunting’s payout ratio is 1,454.55%.

Insider Activity at Hunting

In other Hunting news, insider Bruce Ferguson sold 28,960 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.77), for a total transaction of £87,748.80 ($109,235.40). 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.