Hunting (OTCMKTS:HNTIF) Shares Up 18.7% – Time to Buy?

Shares of Hunting PLC (OTCMKTS:HNTIF) shot up 18.7% during mid-day trading on Monday . The company traded as high as $6.45 and last traded at $6.41. 20,010 shares traded hands during trading, an increase of 325% from the average session volume of 4,703 shares. The stock had previously closed at $5.40.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered Hunting to a “hold” rating in a report on Wednesday, December 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Hunting in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hunting currently has a consensus rating of “Moderate Buy”.

Hunting Trading Up 18.7%

The business’s 50-day moving average price is $5.16 and its 200 day moving average price is $4.75.

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.