Hargreaves Services (LON:HSP) Sets New 12-Month High – Time to Buy?

Hargreaves Services Plc (LON:HSP)’s stock price hit a new 52-week high 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 Price Performance

The company has a debt-to-equity ratio of 20.58, a quick ratio of 0.82 and a current ratio of 2.00. The stock has a market capitalization of £263.45 million, a price-to-earnings ratio of 9.32 and a beta of 0.59. The business’s 50 day simple moving average is GBX 811.46 and its 200-day simple moving average is GBX 796.99.

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

Insider Buying and Selling

In related news, insider Nicholas Mills sold 110,000 shares of the firm’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 value of £902,000. In the last 90 days, insiders sold 600,410 shares of company stock valued at $492,331,280. 41.22% of the stock is owned by company 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.