Hargreaves Services (LON:HSP) Stock Passes Above 200 Day Moving Average – Here’s Why

Hargreaves Services Plc (LON:HSP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 699.84 and traded as high as GBX 782. Hargreaves Services shares last traded at GBX 770, with a volume of 37,055 shares trading hands.

Hargreaves Services Stock Performance

The company has a current ratio of 2.24, a quick ratio of 0.82 and a debt-to-equity ratio of 33.96. The company has a market cap of £262.47 million, a P/E ratio of 12.21 and a beta of 0.85. The business’s 50 day simple moving average is GBX 720.95 and its 200 day simple moving average is GBX 699.84.

Hargreaves Services (LON:HSP) last posted its quarterly earnings results on Wednesday, January 28th. The company reported GBX 33.38 earnings per share for the quarter. Hargreaves Services had a net margin of 6.77% and a return on equity of 11.00%. Sell-side analysts predict that Hargreaves Services Plc will post 42.9487179 earnings per share for the current fiscal year.

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). 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.