Hunting (OTCMKTS:HNTIF) Shares Up 18.7% – Time to Buy?

Hunting PLC (OTCMKTS:HNTIF)’s share price shot up 18.7% during mid-day trading on Monday . The stock traded as high as $6.45 and last traded at $6.41. 20,010 shares traded hands during trading, an increase of 325% from the average session volume of 4,703 shares. The stock had previously closed at $5.40.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HNTIF shares. Royal Bank Of Canada restated an “outperform” rating on shares of Hunting in a research report on Tuesday, January 20th. Jefferies Financial Group cut shares of Hunting to a “hold” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Hunting currently has an average rating of “Moderate Buy”.

Hunting Stock Up 18.7%

The stock has a 50 day moving average of $5.16 and a 200-day moving average of $4.75.

About Hunting

Hunting plc, trading under the OTCMKTS symbol HNTIF, is a United Kingdom–based engineering firm that supplies critical equipment and services to the global oil and gas industry. With roots tracing back to the late 19th century, the company has evolved into a specialist provider of surface, well intervention and subsea production systems. Its product portfolio includes coiled tubing and well intervention equipment, downhole tools, surface wellhead assemblies, subsea control umbilicals and associated hardware.

The company’s core offerings are organized around three main segments: well intervention, surface and downhole systems, and subsea controls.