Hargreaves Services (LON:HSP) Sets New 52-Week High – Still a Buy?

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

Hargreaves Services Trading Up 1.7%

The company has a fifty day simple moving average of GBX 808.54 and a two-hundred day simple moving average of GBX 795.14. The company has a debt-to-equity ratio of 20.58, a current ratio of 2.00 and a quick ratio of 0.82. The company has a market capitalization of £263.45 million, a P/E ratio of 9.32 and a beta of 0.59.

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 (EPS) for the quarter. Hargreaves Services had a return on equity of 15.42% and a net margin of 8.74%. On average, analysts forecast that Hargreaves Services Plc will post 42.9487179 earnings per share for the current fiscal year.

Insider Transactions at Hargreaves Services

In other Hargreaves Services news, insider Nicholas Mills sold 110,000 shares of the company’s 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. Insiders sold a total of 600,410 shares of company stock worth $492,331,280 over the last three months. 41.22% of the stock is owned by corporate 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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