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

Shares of Hargreaves Services Plc (LON:HSP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 780.52 and traded as high as GBX 822. Hargreaves Services shares last traded at GBX 804, with a volume of 58,284 shares trading hands.

Hargreaves Services Price Performance

The company has a debt-to-equity ratio of 20.58, a current ratio of 2.00 and a quick ratio of 0.82. The company has a market capitalization of £247.48 million, a PE ratio of 12.40 and a beta of 0.60. The stock’s 50 day simple moving average is GBX 800.83 and its 200-day simple moving average is GBX 780.52.

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

Insiders Place Their Bets

In other news, insider Nicholas Mills sold 410 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of GBX 808, for a total value of £3,312.80. 40.10% of the stock is currently owned by company 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.