Hargreaves Services (LON:HSP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Hargreaves Services Plc (LON:HSP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 700.46 and traded as high as GBX 772. Hargreaves Services shares last traded at GBX 746, with a volume of 43,820 shares changing hands.

Hargreaves Services Stock Performance

The firm’s 50 day simple moving average is GBX 756.60 and its 200-day simple moving average is GBX 700.83. The company has a market capitalization of £249.25 million, a PE ratio of 11.60 and a beta of 0.56. The company has a quick ratio of 0.82, a current ratio of 2.24 and a debt-to-equity ratio of 33.96.

Hargreaves Services (LON:HSP) last issued its earnings results on Wednesday, January 28th. The company reported GBX 33.38 EPS for the quarter. Hargreaves Services had a net margin of 6.77% and a return on equity of 11.00%. As a group, equities research analysts anticipate that Hargreaves Services Plc will post 42.9487179 EPS for the current year.

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.