Hargreaves Services (LON:HSP) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Hargreaves Services Plc (LON:HSP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 792.74 and traded as high as GBX 824. Hargreaves Services shares last traded at GBX 824, with a volume of 11,506 shares trading hands.

Hargreaves Services Price Performance

The company has a market cap of £255.23 million, a P/E ratio of 9.03 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. The firm’s fifty day moving average is GBX 805.64 and its two-hundred day moving average is GBX 793.01.

Hargreaves Services (LON:HSP) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 79.10 EPS for the quarter. Hargreaves Services had a return on equity of 15.42% and a net margin of 8.74%. As a group, analysts anticipate that Hargreaves Services Plc will post 42.9487179 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Nicholas Mills sold 490,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of GBX 820, for a total value of £4,018,000. Over the last 90 days, insiders sold 600,410 shares of company stock valued at $492,331,280. 43.17% of the stock is currently owned by insiders.

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.