Hargreaves Services (LON:HSP) Sets New 12-Month High – Here’s What Happened

Hargreaves Services Plc (LON:HSP)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 840 and last traded at GBX 818, with a volume of 208875 shares changing hands. The stock had previously closed at GBX 824.

Hargreaves Services Price Performance

The business has a fifty day moving average of GBX 801.79 and a two-hundred day moving average of GBX 789.01. The firm has a market capitalization of £251.17 million, a price-to-earnings ratio of 8.89 and a beta of 0.59. The company has a debt-to-equity ratio of 20.58, a quick ratio of 0.82 and a current ratio of 2.00.

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%. As a group, research analysts predict that Hargreaves Services Plc will post 42.9487179 EPS for the current fiscal year.

Insider Activity at Hargreaves Services

In related news, insider Nicholas Mills sold 490,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of GBX 820, for a total transaction of £4,018,000. Company insiders own 43.17% of the company’s stock.

About Hargreaves Services

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.