Hunting (LON:HTG) Shares Cross Above Two Hundred Day Moving Average of $390.40

Hunting PLC (LON:HTG)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 390.40 ($5.16) and traded as high as GBX 417 ($5.51). Hunting shares last traded at GBX 405.50 ($5.36), with a volume of 482,632 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HTG shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 600 ($7.93) price target on shares of Hunting in a research report on Thursday, August 29th. Shore Capital reaffirmed a “buy” rating and set a GBX 510 ($6.74) price objective on shares of Hunting in a report on Wednesday, June 12th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 520 ($6.87) target price on shares of Hunting in a report on Thursday, August 29th.

Hunting Stock Performance

The stock has a 50-day moving average of GBX 425.45 and a 200 day moving average of GBX 390.40. 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 stock has a market capitalization of £646.27 million, a price-to-earnings ratio of 664.75, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.

Hunting Increases Dividend

The business also recently disclosed 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 is Thursday, October 3rd. This is a boost from Hunting’s previous dividend of $0.05. This represents a dividend yield of 0.97%. Hunting’s payout ratio is 1,311.48%.

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.