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

H&T Group logo with Financial Services background
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H&T Group plc (LON:HAT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 360.46 ($4.67) and traded as high as GBX 404 ($5.23). H&T Group shares last traded at GBX 395 ($5.11), with a volume of 44,446 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on HAT. Canaccord Genuity Group lifted their target price on H&T Group from GBX 531 ($6.87) to GBX 559 ($7.24) and gave the company a "buy" rating in a research note on Tuesday, March 18th. Shore Capital restated a "house stock" rating on shares of H&T Group in a report on Tuesday, March 18th.

View Our Latest Stock Report on H&T Group

H&T Group Price Performance

The stock has a market cap of £168.20 million, a price-to-earnings ratio of 7.64 and a beta of 0.69. The company has a debt-to-equity ratio of 46.82, a current ratio of 15.96 and a quick ratio of 4.55. The stock's 50 day simple moving average is GBX 358.83 and its two-hundred day simple moving average is GBX 360.66.

H&T Group (LON:HAT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 51.17 ($0.66) EPS for the quarter. H&T Group had a net margin of 9.06% and a return on equity of 12.14%. On average, analysts forecast that H&T Group plc will post 54.3859649 earnings per share for the current fiscal year.

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H&T Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be paid a dividend of GBX 11 ($0.14) per share. This represents a yield of 2.84%. This is a boost from H&T Group's previous dividend of $7.00. The ex-dividend date of this dividend is Thursday, May 29th. H&T Group's dividend payout ratio is currently 35.61%.

About H&T Group

(Get Free Report)

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.

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