H&T Group (LON:HAT) Stock Passes 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 Thursday . The stock has a two hundred day moving average of GBX 380.04 ($5.10) and traded as high as GBX 646 ($8.67). H&T Group shares last traded at GBX 645.48 ($8.66), with a volume of 805,012 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HAT shares. Shore Capital restated a “house stock” rating on shares of H&T Group in a report on Tuesday, March 18th. Canaccord Genuity Group boosted their target price on H&T Group from GBX 531 ($7.13) to GBX 559 ($7.50) and gave the stock a “buy” rating in a report on Tuesday, March 18th.

H&T Group Stock Performance

The company has a market capitalization of £280.62 million, a price-to-earnings ratio of 12.74 and a beta of 0.69. The business has a fifty day moving average price of GBX 429.66 and a 200 day moving average price of GBX 380.04. The company has a debt-to-equity ratio of 46.82, a current ratio of 15.96 and a quick ratio of 4.55.

H&T Group (LON:HAT) last issued its quarterly earnings results on Tuesday, March 18th. The company reported GBX 51.17 ($0.69) EPS for the quarter. H&T Group had a return on equity of 12.14% and a net margin of 9.06%. On average, equities analysts expect that H&T Group plc will post 54.3859649 EPS for the current fiscal year.

H&T Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be issued a dividend of GBX 11 ($0.15) per share. The ex-dividend date is Thursday, May 29th. This is a positive change from H&T Group’s previous dividend of $7.00. This represents a dividend yield of 2.84%. H&T Group’s payout ratio is 35.61%.

About H&T Group

We are the UK’s largest pawnbroker and a leading retailer of high quality new and pre-owned jewellery and watches. We provide a range of transparent and accessible financial products tailored for a customer base which has limited access to, or is excluded from, the traditional banking sector.

Our vision is to make pawnbroking a more widely accepted and valued financial service by ensuring that borrowing against an asset is simple, inclusive and transparent.