The latest update is out from Hunting ( (GB:HTG) ).
Hunting PLC announced the sale of its 23% equity investment in Rival Downhole Tools L.C. for $13.1 million, receiving $12.0 million in cash post adjustments. This move aligns with Hunting’s 2030 Strategy to focus on core businesses and provides additional funds for strategic acquisitions, potentially impacting its market positioning and growth opportunities.
More about Hunting
Hunting PLC is a global precision engineering group that provides precision-manufactured equipment and premium services. Established in 1874, it is listed on the London Stock Exchange and operates in multiple countries including the UK, USA, China, and others. The company reports across five operating segments and focuses on various product groups such as OCTG, Perforating Systems, and Subsea.
YTD Price Performance: 7.27%
Average Trading Volume: 385,292
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £503.4M
Learn more about HTG stock on TipRanks’ Stock Analysis page.