Hargreaves Services (LON:HSP) Reaches New 1-Year High – What’s Next?

Hargreaves Services Plc (LON:HSPGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 870 and last traded at GBX 858, with a volume of 61192 shares changing hands. The stock had previously closed at GBX 854.

Hargreaves Services Trading Up 1.3%

The firm has a market capitalization of £266.35 million, a price-to-earnings ratio of 9.42 and a beta of 0.59. The business’s 50-day moving average price is GBX 813.88 and its 200 day moving average price is GBX 797.83. The company has a debt-to-equity ratio of 20.58, a current ratio of 2.00 and a quick ratio of 0.82.

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

Insiders Place Their Bets

In other Hargreaves Services news, insider Nicholas Mills sold 110,000 shares of Hargreaves Services stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of GBX 820, for a total transaction of £902,000. In the last ninety days, insiders sold 600,410 shares of company stock worth $492,331,280. 41.22% of the stock is owned by company insiders.

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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