Hargreaves Services (LON:HSP) Hits New 12-Month High – Should You Buy?

Hargreaves Services Plc (LON:HSP) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 870 and last traded at GBX 858, with a volume of 61192 shares trading hands. The stock had previously closed at GBX 854.

Hargreaves Services Price Performance

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 company has a market cap of £263.45 million, a P/E ratio of 9.32 and a beta of 0.59. The company’s 50-day moving average price is GBX 811.46 and its two-hundred day moving average price is GBX 796.99.

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%. As a group, sell-side analysts expect that Hargreaves Services Plc will post 42.9487179 earnings per share for the current year.

Insiders Place Their Bets

In other Hargreaves Services news, insider Nicholas Mills sold 110,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of GBX 820, for a total value of £902,000. Insiders have sold a total of 600,410 shares of company stock worth $492,331,280 in the last quarter. 41.22% of the stock is owned by corporate 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.