Hunting (LON:HTG) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Hunting PLC (LON:HTG)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 374.19 ($4.69) and traded as low as GBX 287.50 ($3.61). Hunting shares last traded at GBX 291 ($3.65), with a volume of 298,658 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price target on Hunting from GBX 520 ($6.52) to GBX 460 ($5.77) and set a “buy” rating for the company in a report on Tuesday, October 22nd.

Hunting Stock Performance

The business’s fifty day moving average price is GBX 303.16 and its two-hundred day moving average price is GBX 374.19. The company has a debt-to-equity ratio of 11.60, a quick ratio of 2.08 and a current ratio of 2.69. The stock has a market capitalization of £461.59 million, a P/E ratio of 485.83, a P/E/G ratio of 1.06 and a beta of 1.07.

Insiders Place Their Bets

In other news, insider Paula Harris acquired 3,300 shares of the company’s stock in a transaction on Friday, November 29th. The stock was bought at an average cost of GBX 304 ($3.81) per share, with a total value of £10,032 ($12,587.20). 18.20% of the stock is currently owned by insiders.

Hunting Company Profile

Located in 11 countries across four continents, we manufacture components, technology systems and precision parts globally.

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.