Hunting (LON:HTG) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Hunting PLC (LON:HTG) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 461.21 and traded as low as GBX 389.50. Hunting shares last traded at GBX 395, with a volume of 882,357 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Berenberg Bank dropped their price objective on shares of Hunting from GBX 580 to GBX 550 and set a “buy” rating on the stock in a report on Friday, August 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 600 target price on shares of Hunting in a report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Hunting currently has an average rating of “Moderate Buy” and an average target price of GBX 512.50.

Hunting Price Performance

The company has a debt-to-equity ratio of 16.50, a quick ratio of 2.08 and a current ratio of 3.15. The company has a market cap of £576.82 million, a P/E ratio of 14.44, a P/E/G ratio of 1.06 and a beta of 0.66. The firm’s fifty day moving average is GBX 427.43 and its two-hundred day moving average is GBX 460.38.

Insider Activity

In other Hunting news, insider Paula Harris acquired 7,300 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average price of GBX 392 per share, with a total value of £28,616. Also, insider Keith Lough acquired 3,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was acquired at an average cost of GBX 414 per share, with a total value of £12,420. 3.74% of the stock is owned by 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.