Hays (LON:HAS) Hits New 52-Week Low – Time to Sell?

Hays plc (LON:HAS) hit a new 52-week low during trading on Monday . The company traded as low as GBX 36.56 and last traded at GBX 36.92, with a volume of 4688688 shares trading hands. The stock had previously closed at GBX 38.32.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Hays from GBX 100 to GBX 90 and set a “buy” rating for the company in a report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 81.20.

Hays Price Performance

The firm has a market cap of £590.30 million, a P/E ratio of -75.35, a PEG ratio of 0.24 and a beta of 0.75. The business’s fifty day simple moving average is GBX 47.46 and its 200-day simple moving average is GBX 53.90. The company has a current ratio of 1.27, a quick ratio of 1.31 and a debt-to-equity ratio of 65.55.

Hays (LON:HAS) last posted its quarterly earnings results on Friday, February 27th. The company reported GBX 0.46 EPS for the quarter. Hays had a negative return on equity of 2.24% and a negative net margin of 0.16%. As a group, analysts forecast that Hays plc will post 4.0966184 EPS for the current fiscal year.

Insider Activity

In other news, insider Cheryl Millington purchased 5,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of GBX 39 per share, with a total value of £1,950. Also, insider Michael Findlay acquired 25,500 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of GBX 39 per share, with a total value of £9,945. Corporate insiders own 0.76% of the company’s stock.

Hays Company Profile