Hargreaves Services (LON:HSP) Reaches New 52-Week High – Still a Buy?

Hargreaves Services Plc (LON:HSP)’s share price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 880 and last traded at GBX 830, with a volume of 104341 shares changing hands. The stock had previously closed at GBX 850.

Hargreaves Services Stock Performance

The stock has a market capitalization of £256.69 million, a price-to-earnings ratio of 9.08 and a beta of 0.59. The company’s fifty day simple moving average is GBX 827.41 and its 200 day simple moving average is GBX 804.25. The company has a quick ratio of 0.82, a current ratio of 2.00 and a debt-to-equity ratio of 20.58.

Hargreaves Services (LON:HSP) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 79.10 earnings per share for the quarter. Hargreaves Services had a net margin of 8.74% and a return on equity of 15.42%. On average, equities research analysts expect that Hargreaves Services Plc will post 42.9487179 earnings per share for the current year.

Insiders Place Their Bets

In other Hargreaves Services news, insider Nicholas Mills sold 490,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of GBX 820, for a total value of £4,018,000. 41.22% of the stock is currently owned by corporate insiders.

Hargreaves Services Company Profile

Hargreaves Services plc is a diversified group delivering services to the core markets of Environmental services, Clean Energy, and Connectivity, supporting key industries within the UK and internationally. The Company operates through three divisions as follows: Services, Land, and a German joint venture.

Services is the core of the Group, providing specialist contracted services to critical projects in the Connectivity, Clean Energy and Environmental markets. Its services include but not are not limited to earthmoving, waste management, materials handling, industrial services, mechanical and electrical contracting, and logistics.