Hargreaves Services (LON:HSP) Sets New 1-Year High – Here’s Why

Hargreaves Services Plc (LON:HSPGet Free Report)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 868 and last traded at GBX 858, with a volume of 35567 shares changing hands. The stock had previously closed at GBX 844.

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 stock has a fifty day simple moving average of GBX 808.54 and a 200-day simple moving average of GBX 795.14. The stock has a market cap of £263.45 million, a price-to-earnings ratio of 9.32 and a beta of 0.59.

Hargreaves Services (LON:HSPGet Free Report) last issued its quarterly 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, equities research analysts expect that Hargreaves Services Plc will post 42.9487179 EPS for the current year.

Insider Transactions at Hargreaves Services

In related news, insider Nicholas Mills sold 490,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of GBX 820, for a total transaction of £4,018,000. Insiders have sold a total of 600,410 shares of company stock worth $492,331,280 over the last 90 days. Insiders own 41.22% of the company’s stock.

Hargreaves Services Company Profile

(Get Free Report)

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.

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