Hays (LON:HAS) Reaches New 1-Year Low – Here’s What Happened

Hays plc (LON:HAS)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 36.56 and last traded at GBX 36.92, with a volume of 4688688 shares trading hands. The stock had previously closed at GBX 38.32.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hays from GBX 100 to GBX 90 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 81.20.

Hays Price Performance

The stock has a 50-day moving average price of GBX 46.71 and a 200 day moving average price of GBX 53.53. 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 £599.58 million, a price-to-earnings ratio of -76.53, a PEG ratio of 0.24 and a beta of 0.75.

Hays (LON:HAS) last announced its earnings results on Friday, February 27th. The company reported GBX 0.46 earnings per share (EPS) for the quarter. Hays had a negative return on equity of 2.24% and a negative net margin of 0.16%. As a group, equities research analysts forecast that Hays plc will post 4.0966184 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael Findlay acquired 25,500 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was acquired at an average cost of GBX 39 per share, with a total value of £9,945. Also, insider Cheryl Millington bought 5,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of GBX 39 per share, for a total transaction of £1,950. 0.76% of the stock is currently owned by insiders.

About Hays