Hunting (LON:HTG) Stock Price Passes Above 200-Day Moving Average of $392.89

Shares of Hunting PLC (LON:HTG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 392.89 ($5.26) and traded as high as GBX 396.11 ($5.30). Hunting shares last traded at GBX 382 ($5.12), with a volume of 386,060 shares.

Analyst Ratings Changes

Several brokerages have weighed in on HTG. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 600 ($8.03) target price on shares of Hunting in a research note on Thursday, August 29th. Shore Capital reaffirmed a “buy” rating and issued a GBX 510 ($6.83) price objective on shares of Hunting in a report on Wednesday, June 12th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 520 ($6.96) target price on shares of Hunting in a research note on Thursday, August 29th.

Hunting Trading Down 4.0 %

The company has a debt-to-equity ratio of 11.60, a current ratio of 2.69 and a quick ratio of 2.08. The business has a fifty day moving average of GBX 424.08 and a 200-day moving average of GBX 392.89. The stock has a market capitalization of £604.90 million, a price-to-earnings ratio of 636.67, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.

Hunting Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, October 3rd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This is a positive change from Hunting’s previous dividend of $0.05. This represents a yield of 0.97%. Hunting’s dividend payout ratio is currently 1,333.33%.

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.