Shares of Hunting PLC (OTCMKTS:HNTIF – Get Free Report) fell 5.7% on Monday . The company traded as low as $6.00 and last traded at $6.00. Approximately 550 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 3,571 shares. The stock had previously closed at $6.36.
Analysts Set New Price Targets
Separately, Barclays downgraded Hunting from an “equal weight” rating to an “underweight” rating in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.
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Hunting Trading Down 5.7%
About Hunting
Hunting plc, trading under the OTCMKTS symbol HNTIF, is a United Kingdom–based engineering firm that supplies critical equipment and services to the global oil and gas industry. With roots tracing back to the late 19th century, the company has evolved into a specialist provider of surface, well intervention and subsea production systems. Its product portfolio includes coiled tubing and well intervention equipment, downhole tools, surface wellhead assemblies, subsea control umbilicals and associated hardware.
The company’s core offerings are organized around three main segments: well intervention, surface and downhole systems, and subsea controls.
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