Hunting (LON:HTG) Stock Price Down 8.9% – Should You Sell?

Hunting PLC (LON:HTG)’s stock price fell 8.9% during trading on Wednesday. The company traded as low as GBX 344 and last traded at GBX 387.50. 4,999,830 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 2,969,939 shares. The stock had previously closed at GBX 425.50.

Wall Street Analyst Weigh In

HTG has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 470 price target on shares of Hunting in a research report on Thursday. Canaccord Genuity Group restated a “buy” rating and set a GBX 600 target price on shares of Hunting in a research report on Wednesday. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 470 target price on shares of Hunting in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 510.

Hunting Trading Down 2.7%

The company has a market capitalization of £544.41 million, a PE ratio of 13.65, a PEG ratio of 1.06 and a beta of 0.69. The company has a fifty day simple moving average of GBX 400.14 and a 200-day simple moving average of GBX 456.55. The company has a current ratio of 3.15, a quick ratio of 2.08 and a debt-to-equity ratio of 16.50.

Insider Buying and Selling at Hunting

In related news, insider Paula Harris bought 7,300 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average cost of GBX 392 per share, with a total value of £28,616. Also, insider Keith Lough bought 3,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of GBX 414 per share, for a total transaction of £12,420. Corporate insiders own 3.75% of the company’s stock.

Hunting Company Profile

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.