Hargreaves Services (LON:HSP) Sets New 12-Month High – Here’s Why

Hargreaves Services Plc (LON:HSP) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 638.80 ($7.95) and last traded at GBX 620 ($7.71), with a volume of 151585 shares changing hands. The stock had previously closed at GBX 590 ($7.34).

Hargreaves Services Price Performance

The company has a quick ratio of 0.82, a current ratio of 2.06 and a debt-to-equity ratio of 17.78. The firm has a market cap of £204.35 million, a price-to-earnings ratio of 1,675.68 and a beta of 0.85. The company’s 50-day moving average price is GBX 581.96 and its 200-day moving average price is GBX 574.67.

Hargreaves Services (LON:HSP) last announced its quarterly earnings results on Wednesday, January 29th. The company reported GBX 12.23 ($0.15) EPS for the quarter. Hargreaves Services had a net margin of 5.82% and a return on equity of 6.22%. On average, equities research analysts forecast that Hargreaves Services Plc will post 42.9487179 EPS for the current year.

Insider Activity

In other Hargreaves Services news, insider David Anderson purchased 2,789 shares of Hargreaves Services stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of GBX 564 ($7.02) per share, with a total value of £15,729.96 ($19,571.93). Corporate insiders own 13.13% 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).