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

Hargreaves Services Plc (LON:HSP)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 840 and last traded at GBX 818, with a volume of 208875 shares traded. The stock had previously closed at GBX 824.

Hargreaves Services Stock Down 0.7%

The stock has a 50-day simple moving average of GBX 801.79 and a 200-day simple moving average of GBX 789.01. The company has a quick ratio of 0.82, a current ratio of 2.00 and a debt-to-equity ratio of 20.58. The firm has a market capitalization of £251.17 million, a PE ratio of 8.89 and a beta of 0.59.

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

Insider Activity at Hargreaves Services

In related news, insider Nicholas Mills sold 490,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of GBX 820, for a total transaction of £4,018,000. Corporate insiders own 43.17% 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.