Hargreaves Services (LON:HSP) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Hargreaves Services Plc (LON:HSP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 780.52 and traded as high as GBX 822. Hargreaves Services shares last traded at GBX 804, with a volume of 58,284 shares changing hands.

Hargreaves Services Trading Up 0.5%

The company has a 50 day simple moving average of GBX 800.47 and a 200 day simple moving average of GBX 781.55. 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 market capitalization of £245.03 million, a PE ratio of 8.67 and a beta of 0.60.

Hargreaves Services (LON:HSP) last announced its earnings results on Wednesday, July 29th. The company reported GBX 79.10 earnings per share for the quarter. Hargreaves Services had a return on equity of 15.42% and a net margin of 8.74%. Analysts predict that Hargreaves Services Plc will post 42.9487179 earnings per share for the current fiscal year.

Insider Buying and Selling at Hargreaves Services

In related news, insider Nicholas Mills sold 410 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of GBX 808, for a total transaction of £3,312.80. 43.17% of the stock is currently 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). 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.