H&T Group (LON:HAT) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

H&T Group plc (LON:HAT) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 360.46 ($4.67) and traded as high as GBX 404 ($5.23). H&T Group shares last traded at GBX 395 ($5.11), with a volume of 44,446 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HAT. Canaccord Genuity Group boosted their target price on H&T Group from GBX 531 ($6.87) to GBX 559 ($7.24) and gave the stock a “buy” rating in a report on Tuesday, March 18th. Shore Capital reissued a “house stock” rating on shares of H&T Group in a research note on Tuesday, March 18th.

H&T Group Trading Down 1.0 %

The company has a quick ratio of 4.55, a current ratio of 15.96 and a debt-to-equity ratio of 46.82. The company’s 50-day moving average is GBX 358.83 and its 200-day moving average is GBX 360.66. The stock has a market capitalization of £170.75 million, a price-to-earnings ratio of 7.75 and a beta of 0.69.

H&T Group (LON:HAT) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 51.17 ($0.66) earnings per share (EPS) for the quarter. H&T Group had a net margin of 9.06% and a return on equity of 12.14%. Research analysts anticipate that H&T Group plc will post 54.3859649 earnings per share for the current fiscal year.

H&T Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be given a GBX 11 ($0.14) dividend. The ex-dividend date is Thursday, May 29th. This represents a yield of 2.84%. This is a boost from H&T Group’s previous dividend of $7.00. H&T Group’s dividend payout ratio is presently 35.61%.

H&T Group Company Profile

H&T is the UK’s largest pawnbroker and provides a range of financial services to meet customers’ needs. We are the 6th largest retailer of high quality pre-owned and new jewellery and watches.

Our ambition is to make pawnbroking a more widely accepted and valued finance service.