Hays (LON:HAS) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Hays plc (LON:HAS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 40.64 and traded as high as GBX 70. Hays shares last traded at GBX 69.40, with a volume of 3,202,260 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HAS. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 60 target price on shares of Hays in a research note on Tuesday, July 14th. Citigroup cut their price objective on shares of Hays from GBX 90 to GBX 75 and set a “buy” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 28 price objective on shares of Hays in a research report on Thursday, May 21st. Finally, UBS Group restated a “neutral” rating and set a GBX 33 target price on shares of Hays in a research note on Friday, July 3rd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 57.20.

Hays Price Performance

The company has a debt-to-equity ratio of 65.55, a current ratio of 1.27 and a quick ratio of 1.31. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of -103.03, a P/E/G ratio of 0.24 and a beta of 0.77. The business’s 50-day moving average price is GBX 48.92 and its two-hundred day moving average price is GBX 40.82.

Hays (LON:HAS) last posted its quarterly earnings results on Thursday, August 20th. The company reported GBX (3.64) earnings per share (EPS) for the quarter. Hays had a negative net margin of 0.16% and a negative return on equity of 2.24%. On average, research analysts forecast that Hays plc will post 4.0966184 EPS for the current fiscal year.

Hays announced that its Board of Directors has initiated a share repurchase plan on Monday, June 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity at Hays

In other news, insider Joe Hurd bought 5,672 shares of Hays stock in a transaction on Monday, June 8th. The shares were bought at an average price of GBX 35 per share, with a total value of £1,985.20. Insiders own 0.81% of the company’s stock.

About Hays