Hunting (LON:HTG) share price crosses 200-day moving average of $353.58

Hunting PLC (LON:HTG – Get Free Report) shares crossed their two-hundred day moving average during trading on Friday. The stock has a two-hundred day moving average of GBX 353.58 ($4.59) and has traded as high as GBX 435 ($5.64). Hunting shares last traded at GBX 426.50 ($5.53), with volume of 121,396 shares changing hands.

Wall Street analysts predict growth

A number of research analysts have recently commented on HTG stock. Canaccord Genuity Group reiterated a “buy” rating and gave shares of Hunting a GBX 600 ($7.78) price target in a report on Tuesday, July 9th. Berenberg Bank raised their price target on shares of Hunting from GBX 510 ($6.61) to GBX 520 ($6.74) and gave the company a “buy” rating in a research report on Thursday, July 11th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 400 ($5.19) price target on shares of Hunting in a report on Thursday, April 18th. Finally, Shore Capital reaffirmed a “buy” rating and set a GBX 510 ($6.61) price target on shares of Hunting in a research report on Wednesday, June 12th. Five equities research analysts have rated the stock with a “buy” rating. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of GBX 490 ($6.35).

Get our latest stock analysis on HTG

Hunting Prize Performance

The company has a debt-to-equity ratio of 8.24, a current ratio of 2.78 and a quick ratio of 2.08. The stock has a market capitalization of £703.47 million, a price to earnings ratio of 775.45, a PEG ratio of 1.06 and a beta of 1.07. The company’s fifty-day moving average price is GBX 416.46 and its 200-day moving average price is GBX 353.58.

Insider transactions at Hunting

In related news, insider Bruce Ferguson bought 2,292 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of GBX 378 ($4.90) per share, for a total value of £8,663.76 ($11,235.59). Company insiders own 18.05% of the company’s shares.

Hunting Company Profile

(Get free report)

Hunting PLC, together with its subsidiaries, manufactures components, technology systems and precision parts worldwide. The company 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; joining technology and OCTG; subsea technologies; supplies highly advanced tubing components, hollow rotary shafts, high-precision deep bores, plus complex turned and milled profiles; well intervention equipment; and well testing and process systems.

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