Hunting ( (GB:HTG) ) has issued an announcement.
Hunting PLC has completed the sale of its 23% equity stake in Rival Downhole Tools L.C. for $13.1 million, receiving $12.0 million in cash after adjustments. This sale aligns with Hunting’s 2030 Strategy to focus on core businesses and provides additional funds for strategic acquisitions, potentially enhancing its market position.
More about Hunting
Hunting PLC is a global precision engineering group that provides precision-manufactured equipment and premium services. Established in 1874, the company is listed on the London Stock Exchange and operates in multiple countries including the UK, USA, China, and others. It reports across five operating segments and product groups, focusing on sectors such as OCTG, Perforating Systems, and Subsea Technologies.
YTD Price Performance: 7.27%
Average Trading Volume: 385,292
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £503.4M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.