Hunting (LON:HTG) Stock Price Passes Above 200-Day Moving Average of $385.67

Hunting PLC (LON:HTG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 385.67 ($5.07) and traded as high as GBX 414 ($5.44). Hunting shares last traded at GBX 402 ($5.29), with a volume of 265,154 shares traded.

Analysts Set New Price Targets

HTG has been the topic of several research analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 520 ($6.84) price target on shares of Hunting in a research note on Thursday, August 29th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 600 ($7.89) price objective on shares of Hunting in a research note on Thursday, August 29th. Finally, Shore Capital restated a “buy” rating and set a GBX 510 ($6.71) target price on shares of Hunting in a report on Wednesday, June 12th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hunting presently has an average rating of “Buy” and an average price target of GBX 490 ($6.44).

Hunting Stock Performance

The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.60. The company has a market capitalization of £636.57 million, a price-to-earnings ratio of 670.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10. The stock has a 50-day simple moving average of GBX 427.31 and a 200-day simple moving average of GBX 385.67.

Hunting Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd will be paid a $0.06 dividend. This represents a yield of 0.97%. This is a boost from Hunting’s previous dividend of $0.05. The ex-dividend date of this dividend is Thursday, October 3rd. Hunting’s dividend payout ratio (DPR) is presently 1,333.33%.

About Hunting

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.