H&T Group (LON:HAT) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Shares of H&T Group plc (LON:HAT - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 360.84 ($4.59) and traded as high as GBX 380.95 ($4.85). H&T Group shares last traded at GBX 380 ($4.84), with a volume of 18,807 shares.

Analyst Ratings Changes

HAT has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price target on shares of H&T Group from GBX 531 ($6.76) to GBX 559 ($7.12) and gave the company a "buy" rating in a report on Tuesday, March 18th. Shore Capital restated a "house stock" rating on shares of H&T Group in a report on Tuesday, March 18th.

H&T Group Stock Down 5.6 %

The company has a quick ratio of 4.55, a current ratio of 15.96 and a debt-to-equity ratio of 46.82. The business has a 50-day simple moving average of GBX 362.39 and a 200-day simple moving average of GBX 360.69. The stock has a market cap of £154.69 million, a P/E ratio of 7.02 and a beta of 0.69.

H&T Group (LON:HAT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported GBX 51.17 ($0.65) earnings per share (EPS) for the quarter. H&T Group had a net margin of 9.06% and a return on equity of 12.14%. Analysts expect that H&T Group plc will post 54.3859649 EPS for the current year.

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H&T Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be given a GBX 11 ($0.14) dividend. This is an increase from H&T Group's previous dividend of $7.00. This represents a dividend yield of 2.84%. The ex-dividend date is Thursday, May 29th. H&T Group's dividend payout ratio (DPR) is currently 35.61%.

About H&T Group

H&T is the UK's largest pawnbroker and provides a range of financial services to meet customers' needs. We are the 6th largest retailer of high quality pre-owned and new jewellery and watches. Our ambition is to make pawnbroking a more widely accepted and valued finance service.