Hargreaves Services (LON:HSP) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Hargreaves Services Plc (LON:HSP – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 794.60 and traded as high as GBX 859.60. Hargreaves Services shares last traded at GBX 842, with a volume of 78,926 shares traded.

Hargreaves Services Trading Up 1.2%

The company has a market capitalization of £258.54 million, a price-to-earnings ratio of 9.15 and a beta of 0.59. The company has a quick ratio of 0.82, a current ratio of 2.00 and a debt-to-equity ratio of 20.58. The company’s 50 day simple moving average is GBX 808.06 and its two-hundred day simple moving average is GBX 794.60.

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Hargreaves Services (LON:HSP – Get 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 net margin of 8.74% and a return on equity of 15.42%. As a group, research analysts anticipate that Hargreaves Services Plc will post 42.9487179 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nicholas Mills sold 490,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of GBX 820, for a total transaction of £4,018,000. In the last quarter, insiders sold 600,410 shares of company stock worth $492,331,280. 43.17% of the stock is owned by insiders.

About Hargreaves Services

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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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