Hunting (LON:HTG) Reaches New 12-Month Low – Time to Sell?

Hunting PLC (LON:HTG)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 277 ($3.63) and last traded at GBX 277.15 ($3.63), with a volume of 414968 shares traded. The stock had previously closed at GBX 285.50 ($3.74).

Analyst Ratings Changes

Several research firms have commented on HTG. Berenberg Bank upped their target price on shares of Hunting from GBX 480 ($6.29) to GBX 490 ($6.42) and gave the company a “buy” rating in a research note on Thursday, March 6th. Canaccord Genuity Group restated a “buy” rating and set a GBX 600 ($7.86) price objective on shares of Hunting in a research note on Thursday, March 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Hunting has a consensus rating of “Buy” and an average target price of GBX 520 ($6.81).

Hunting Price Performance

The company has a market capitalization of £559.78 million, a P/E ratio of 4.55, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The company has a fifty day moving average price of GBX 316.31 and a 200 day moving average price of GBX 324.87. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08.

Hunting Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 10th will be paid a $0.06 dividend. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, April 10th. This is an increase from Hunting’s previous dividend of $0.06. Hunting’s payout ratio is currently 13.34%.

Insider Buying and Selling

In other Hunting news, insider Arthur James Johnson sold 470,771 shares of Hunting stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 295 ($3.87), for a total transaction of £1,388,774.45 ($1,819,673.02). 18.20% of the stock is currently owned by insiders.

Hunting Company Profile

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.