Hargreaves Services (LON:HSP) Sets New 1-Year High – Time to Buy?

Hargreaves Services Plc (LON:HSP) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 840 and last traded at GBX 820, with a volume of 23966 shares changing hands. The stock had previously closed at GBX 804.

Hargreaves Services Trading Up 2.0%

The company has a debt-to-equity ratio of 33.96, a current ratio of 2.24 and a quick ratio of 0.82. The firm has a market capitalization of £251.78 million, a PE ratio of 12.61 and a beta of 0.59. The company’s fifty day simple moving average is GBX 778.95 and its 200-day simple moving average is GBX 719.96.

Insider Buying and Selling at Hargreaves Services

In other Hargreaves Services news, insider Gordon Frank Colenso Banham sold 199,300 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of GBX 850, for a total transaction of £1,694,050. Also, insider Roger McDowell sold 31,500 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of GBX 850, for a total transaction of £267,750. Over the last quarter, insiders sold 233,578 shares of company stock valued at $198,541,300. Insiders own 15.27% of the company’s stock.

Hargreaves Services Company Profile

Hargreaves Services plc is a diversified group delivering services to the industrial and property sectors, supporting key industries within the UK and South East Asia. The Company’s three business segments are Services, Hargreaves Land and an investment in a German joint venture, Hargreaves Raw Materials Services GmbH (HRMS). Services provides critical support to many core industries including Energy, Environmental, UK Infrastructure and certain manufacturing industries through the provision of materials handling, mechanical and electrical contracting services, logistics and major earthworks.