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

Hargreaves Services Plc (LON:HSP)’s share price crossed 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 traded.

Hargreaves Services Stock Up 0.2%

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

Hargreaves Services (LON:HSP) last released its earnings results on Wednesday, July 29th. The company reported GBX 79.10 EPS for the quarter. Hargreaves Services had a return on equity of 15.42% and a net margin of 8.74%. On average, equities research analysts predict that Hargreaves Services Plc will post 42.9487179 earnings per share for the current year.

Insider Activity

In related news, insider Nicholas Mills sold 410 shares of the company’s stock in a transaction that occurred on 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 owned by company insiders.

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.