Hunting PLC (LON:HTG – Get Free Report) dropped 8.9% on Wednesday. The company traded as low as GBX 344 and last traded at GBX 387.50. Approximately 4,999,830 shares changed hands during mid-day trading, an increase of 68% from the average session volume of 2,969,939 shares. The stock had previously closed at GBX 425.50.
Analyst Ratings Changes
A number of equities analysts have issued reports on HTG shares. Berenberg Bank reiterated a “buy” rating and set a GBX 550 price target on shares of Hunting in a research report on Wednesday. Canaccord Genuity Group restated a “buy” rating and issued a GBX 600 price objective on shares of Hunting in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Hunting presently has an average rating of “Moderate Buy” and a consensus target price of GBX 512.50.
Hunting Stock Down 8.9%
The firm has a market cap of £561.81 million, a PE ratio of 14.09, a PEG ratio of 1.06 and a beta of 0.69. The business’s 50 day moving average price is GBX 404.16 and its 200 day moving average price is GBX 456.59. The company has a debt-to-equity ratio of 16.50, a current ratio of 3.15 and a quick ratio of 2.08.
Insider Activity
In other news, insider Keith Lough acquired 3,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was bought at an average cost of GBX 414 per share, for a total transaction of £12,420. Also, insider Paula Harris purchased 7,300 shares of the stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of GBX 392 per share, for a total transaction of £28,616. Insiders own 3.75% of the company’s stock.
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.
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