Hunting (LON:HTG) Sets New 1-Year Low - Here's What Happened

Shares of Hunting PLC (LON:HTG - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 277 ($3.57) and last traded at GBX 278.96 ($3.59), with a volume of 966896 shares. The stock had previously closed at GBX 307 ($3.95).

Analyst Upgrades and Downgrades

HTG has been the subject of a number of research analyst reports. Berenberg Bank boosted their target price on shares of Hunting from GBX 480 ($6.18) to GBX 490 ($6.31) and gave the stock a "buy" rating in a research report on Thursday. Canaccord Genuity Group restated a "buy" rating and set a GBX 600 ($7.72) target price on shares of Hunting in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hunting currently has a consensus rating of "Buy" and a consensus target price of GBX 520 ($6.69).

Hunting Stock Performance

The stock's 50 day moving average is GBX 327.24 and its 200 day moving average is GBX 340.61. The firm has a market cap of £603.87 million, a price-to-earnings ratio of 4.91, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64.

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.