H&T Group (LON:HAT) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

H&T Group plc (LON:HAT) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 384.92 ($4.85) and traded as low as GBX 358.08 ($4.51). H&T Group shares last traded at GBX 370 ($4.66), with a volume of 7,030 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HAT. Canaccord Genuity Group assumed coverage on shares of H&T Group in a research report on Tuesday, August 20th. They set a “buy” rating and a GBX 531 ($6.69) price objective on the stock. Shore Capital restated a “house stock” rating on shares of H&T Group in a report on Tuesday, August 20th.

H&T Group Stock Performance

The firm has a 50 day moving average price of GBX 369.71 and a 200-day moving average price of GBX 384.92. The company has a debt-to-equity ratio of 46.82, a quick ratio of 4.55 and a current ratio of 15.96. The company has a market cap of £160.47 million, a P/E ratio of 740.00 and a beta of 0.69.

H&T Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 5th were issued a dividend of GBX 7 ($0.09) per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 1.67%. H&T Group’s dividend payout ratio (DPR) is presently 3,600.00%.

About H&T Group

H&T Group plc, together with its subsidiaries, primarily provides pawnbroking services in the United Kingdom and internationally. It operates through seven segments: Pawnbroking, Gold Purchasing, Retail, Pawnbroking Scrap, Personal Loans, Foreign Exchange, and Other Services. The company offers personal loans; and gold purchasing, cheque cashing, unsecured lending, buyback, foreign exchange currency, and money wire transfer services, as well as engages in the retail of new and pre-owned jewelry and watches.