Hunting (LON:HTG) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Hunting PLC (LON:HTG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 372.56 and traded as high as GBX 521. Hunting shares last traded at GBX 518, with a volume of 378,269 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group reduced their target price on shares of Hunting to GBX 600 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Royal Bank Of Canada boosted their price target on shares of Hunting from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hunting presently has a consensus rating of “Buy” and an average price target of GBX 510.

Hunting Price Performance

The company has a debt-to-equity ratio of 11.64, a quick ratio of 2.08 and a current ratio of 2.69. The company has a 50-day moving average price of GBX 427.48 and a 200-day moving average price of GBX 372.56. The firm has a market capitalization of £777.09 million, a P/E ratio of -24.67, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.

Insider Activity

In other news, insider Margaret Amos bought 5,136 shares of the stock in a transaction on Friday, December 12th. The stock was purchased at an average price of GBX 387 per share, for a total transaction of £19,876.32. Also, insider Stuart Brightman bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of GBX 388 per share, for a total transaction of £77,600. 3.36% of the stock is owned by corporate insiders.

About Hunting

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.