Hargreaves Services (LON:HSP) Sets New 1-Year High – Still a Buy?

Hargreaves Services Plc (LON:HSP) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 638.80 ($7.92) and last traded at GBX 620 ($7.68), with a volume of 151585 shares trading hands. The stock had previously closed at GBX 590 ($7.31).

Hargreaves Services Stock Down 1.5 %

The business’s 50 day moving average price is GBX 584.80 and its 200-day moving average price is GBX 575.69. The company has a debt-to-equity ratio of 17.78, a quick ratio of 0.82 and a current ratio of 2.06. The firm has a market capitalization of £210.28 million, a PE ratio of 1,724.32 and a beta of 0.85.

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

Insider Buying and Selling at Hargreaves Services

In related news, insider David Anderson purchased 2,789 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of GBX 564 ($6.99) per share, for a total transaction of £15,729.96 ($19,494.31). 13.13% of the stock is owned by corporate 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).