Hargreaves Services (LON:HSP) Hits New 52-Week High – What’s Next?

Hargreaves Services Plc (LON:HSP)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 840 and last traded at GBX 814, with a volume of 16242 shares trading hands. The stock had previously closed at GBX 794.

Hargreaves Services Stock Performance

The firm’s 50 day moving average price is GBX 804.24 and its two-hundred day moving average price is GBX 750.35. The company has a debt-to-equity ratio of 33.96, a quick ratio of 0.82 and a current ratio of 2.24. The firm has a market cap of £246.44 million, a PE ratio of 12.35 and a beta of 0.57.

Insider Activity

In related news, insider Roger McDowell sold 31,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 850, for a total value of £267,750. Also, insider Nigel Halkes sold 355 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 850, for a total value of £3,017.50. In the last quarter, insiders have sold 233,578 shares of company stock worth $198,541,300. 14.56% 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.