H&T Group (LON:HAT) Stock Price Passes Above 200-Day Moving Average – Here’s Why

H&T Group plc (LON:HAT)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 360.84 ($4.69) and traded as high as GBX 380.95 ($4.95). H&T Group shares last traded at GBX 380 ($4.93), with a volume of 18,807 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on HAT shares. Shore Capital reaffirmed a “house stock” rating on shares of H&T Group in a report on Tuesday, March 18th. Canaccord Genuity Group raised their price target on shares of H&T Group from GBX 531 ($6.90) to GBX 559 ($7.26) and gave the company a “buy” rating in a research report on Tuesday, March 18th.

H&T Group Price Performance

The firm has a 50-day moving average of GBX 360.93 and a 200 day moving average of GBX 360.84. The company has a market capitalization of £165.58 million, a PE ratio of 7.52 and a beta of 0.69. The company has a debt-to-equity ratio of 46.82, a current ratio of 15.96 and a quick ratio of 4.55.

H&T Group (LON:HAT) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 51.17 ($0.66) earnings per share (EPS) for the quarter. H&T Group had a net margin of 9.06% and a return on equity of 12.14%. As a group, research analysts anticipate that H&T Group plc will post 54.3859649 earnings per share for the current fiscal year.

H&T Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be paid a GBX 11 ($0.14) dividend. This is an increase from H&T Group’s previous dividend of $7.00. This represents a dividend yield of 2.84%. The ex-dividend date is Thursday, May 29th. H&T Group’s dividend payout ratio (DPR) is 35.61%.

H&T Group Company Profile

H&T is the UK’s largest pawnbroker and provides a range of financial services to meet customers’ needs. We are the 6th largest retailer of high quality pre-owned and new jewellery and watches.

Our ambition is to make pawnbroking a more widely accepted and valued finance service.