Hargreaves Services (LON:HSP) Sets New 52-Week High – Time to Buy?

Hargreaves Services Plc (LON:HSP) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 840 and last traded at GBX 814, with a volume of 16242 shares traded. The stock had previously closed at GBX 794.

Hargreaves Services Stock Performance

The company’s fifty day moving average is GBX 803.08 and its 200 day moving average is GBX 747.96. The company has a current ratio of 2.24, a quick ratio of 0.82 and a debt-to-equity ratio of 33.96. The company has a market capitalization of £249.94 million, a P/E ratio of 12.52 and a beta of 0.57.

Insider Buying and Selling

In other news, insider Gordon Frank Colenso Banham sold 199,300 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 850, for a total transaction of £1,694,050. Also, insider Roger McDowell sold 31,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 850, for a total value of £267,750. Insiders sold 233,578 shares of company stock valued at $198,541,300 in the last 90 days. Corporate insiders own 14.56% 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.