Hunting (LON:HTG) Share Price Passes Above 200-Day Moving Average of $333.27

Shares of Hunting PLC (LON:HTGGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 333.27 ($4.23) and traded as high as GBX 418.50 ($5.32). Hunting shares last traded at GBX 418.50 ($5.32), with a volume of 196,948 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 400 ($5.08) price target on shares of Hunting in a research report on Thursday, April 18th. Shore Capital restated a “buy” rating and set a GBX 510 ($6.48) target price on shares of Hunting in a research report on Wednesday, June 12th. Canaccord Genuity Group lifted their price target on shares of Hunting from GBX 400 ($5.08) to GBX 450 ($5.72) and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 510 ($6.48) price target on shares of Hunting in a report on Monday, June 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 448.33 ($5.70).

Check Out Our Latest Stock Analysis on HTG

Hunting Stock Performance

The company has a market cap of £676.25 million, a price-to-earnings ratio of 745.45, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The stock’s fifty day simple moving average is GBX 393.78 and its two-hundred day simple moving average is GBX 333.80. The company has a debt-to-equity ratio of 8.24, a quick ratio of 2.08 and a current ratio of 2.78.

Insider Activity

In other Hunting news, insider Bruce Ferguson bought 2,292 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of GBX 378 ($4.80) per share, with a total value of £8,663.76 ($11,008.59). Insiders own 18.05% of the company’s stock.

Hunting Company Profile

(Get Free Report)

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.

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