Hunting (LON:HTG) Sets New 12-Month Low - Should You Sell?

Hunting PLC (LON:HTG - Get Free Report) reached a new 52-week low on Friday . The company traded as low as GBX 277 ($3.54) and last traded at GBX 277.15 ($3.54), with a volume of 414968 shares trading hands. The stock had previously closed at GBX 285.50 ($3.65).

Analyst Ratings Changes

Several research firms recently commented on HTG. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 600 ($7.67) target price on shares of Hunting in a report on Thursday, March 6th. Berenberg Bank raised their price objective on shares of Hunting from GBX 480 ($6.13) to GBX 490 ($6.26) and gave the stock a "buy" rating in a research note on Thursday, March 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Hunting presently has an average rating of "Buy" and a consensus price target of GBX 520 ($6.64).

Hunting Price Performance

The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64. The firm has a market capitalization of £521.85 million, a PE ratio of 4.24, a PEG ratio of 1.06 and a beta of 1.07. The stock has a 50-day moving average price of GBX 309.92 and a 200 day moving average price of GBX 320.92.

Hunting Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 1.57%. This is a boost from Hunting's previous dividend of $0.06. Hunting's payout ratio is currently 13.34%.

Insider Activity at Hunting

In other Hunting news, insider Arthur James Johnson sold 470,771 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of GBX 295 ($3.77), for a total transaction of £1,388,774.45 ($1,774,564.85). 18.20% of the stock is currently owned by corporate insiders.

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.