H&T Group (LON:HAT) Shares Cross Below 200-Day Moving Average – Time to Sell?

H&T Group plc (LON:HAT)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 389.32 ($5.08) and traded as low as GBX 352 ($4.60). H&T Group shares last traded at GBX 355 ($4.64), with a volume of 119,731 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HAT shares. Shore Capital reissued a “house stock” rating on shares of H&T Group in a research note on Tuesday, August 20th. Canaccord Genuity Group initiated coverage on shares of H&T Group in a research report on Tuesday, August 20th. They set a “buy” rating and a GBX 531 ($6.93) target price on the stock.

H&T Group Price Performance

The company has a 50 day moving average of GBX 381.52 and a 200 day moving average of GBX 389.32. The company has a quick ratio of 4.55, a current ratio of 15.96 and a debt-to-equity ratio of 46.82. The stock has a market capitalization of £153.96 million, a price-to-earnings ratio of 710.00 and a beta of 0.69.

H&T Group Cuts Dividend

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

H&T Group Company Profile

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.