H&T Group (LON:HAT) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

H&T Group plc (LON:HAT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 390.61 ($5.22) and traded as high as GBX 391 ($5.23). H&T Group shares last traded at GBX 372 ($4.98), with a volume of 30,571 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HAT. Shore Capital reiterated a “house stock” rating on shares of H&T Group in a research report on Tuesday, August 20th. Canaccord Genuity Group started coverage on shares of H&T Group in a research note on Tuesday, August 20th. They set a “buy” rating and a GBX 531 ($7.10) target price on the stock.

H&T Group Stock Performance

The firm’s 50 day simple moving average is GBX 384.58 and its 200-day simple moving average is GBX 390.48. The company has a debt-to-equity ratio of 46.82, a quick ratio of 4.55 and a current ratio of 15.96. The company has a market capitalization of £161.34 million, a price-to-earnings ratio of 744.00 and a beta of 0.69.

H&T Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 5th were paid a dividend of GBX 7 ($0.09) per share. This represents a yield of 1.67%. The ex-dividend date was Thursday, September 5th. H&T Group’s dividend payout ratio (DPR) is currently 3,600.00%.

About H&T Group

H&T Group plc, together with its subsidiaries, primarily provides pawnbroking services in the United Kingdom and internationally. It operates through seven segments: Pawnbroking, Gold Purchasing, Retail, Pawnbroking Scrap, Personal Loans, Foreign Exchange, and Other Services. The company offers personal loans; and gold purchasing, cheque cashing, unsecured lending, buyback, foreign exchange currency, and money wire transfer services, as well as engages in the retail of new and pre-owned jewelry and watches.