Hunting (LON:HTG) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Hunting PLC (LON:HTG - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 363.80 ($4.49) and traded as high as GBX 372 ($4.59). Hunting shares last traded at GBX 362 ($4.46), with a volume of 365,081 shares traded.

Analyst Ratings Changes

A number of equities research analysts have commented on HTG shares. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 600 ($7.40) price target on shares of Hunting in a research note on Tuesday, January 14th. Berenberg Bank raised their price target on shares of Hunting from GBX 460 ($5.67) to GBX 480 ($5.92) and gave the stock a "buy" rating in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 518 ($6.39).

Hunting Trading Up 2.5 %

The company has a debt-to-equity ratio of 11.60, a current ratio of 2.69 and a quick ratio of 2.08. The stock has a market cap of £587.48 million, a PE ratio of 618.33, a PEG ratio of 1.06 and a beta of 1.07. The company's fifty day moving average is GBX 307.38 and its 200-day moving average is GBX 363.80.

Insider Activity

In related news, insider Paula Harris bought 3,300 shares of the stock in a transaction dated Friday, November 29th. The shares were acquired at an average cost of GBX 304 ($3.75) per share, for a total transaction of £10,032 ($12,368.39). Insiders own 18.20% of the company's stock.

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.