Hunting (LON:HTG) Hits New 1-Year Low – Should You Sell?

Hunting PLC (LON:HTG) shares hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 277 ($3.58) and last traded at GBX 278.96 ($3.61), with a volume of 966896 shares traded. The stock had previously closed at GBX 307 ($3.97).

Wall Street Analyst Weigh In

HTG has been the topic of several recent research reports. Berenberg Bank lifted their target price on Hunting from GBX 480 ($6.20) to GBX 490 ($6.33) and gave the stock a “buy” rating in a report on Thursday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 600 ($7.75) price objective 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, the company currently has an average rating of “Buy” and a consensus target price of GBX 520 ($6.72).

Hunting Stock Performance

The company has a 50-day moving average price of GBX 327.12 and a two-hundred day moving average price of GBX 342.64. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. The stock has a market capitalization of £605.92 million, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.

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.