Hargreaves Services (LON:HSP) Hits New 1-Year High – Time to Buy?

Hargreaves Services Plc (LON:HSP) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 850 and last traded at GBX 831.25, with a volume of 364031 shares traded. The stock had previously closed at GBX 824.

Hargreaves Services Stock Performance

The stock’s 50 day moving average price is GBX 805.64 and its two-hundred day moving average price is GBX 793.01. The company has a current ratio of 2.00, a quick ratio of 0.82 and a debt-to-equity ratio of 20.58. The firm has a market capitalization of £255.23 million, a price-to-earnings ratio of 9.03 and a beta of 0.59.

Hargreaves Services (LON:HSP) last announced 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%. On average, analysts forecast that Hargreaves Services Plc will post 42.9487179 EPS for the current year.

Insider Activity

In other news, insider Nicholas Mills sold 110,000 shares of Hargreaves Services stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of GBX 820, for a total transaction of £902,000. In the last three months, insiders have sold 600,410 shares of company stock worth $492,331,280. 43.17% 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.