Hargreaves Services (LON:HSP) Reaches New 1-Year High – Here’s What Happened

Shares of Hargreaves Services Plc (LON:HSP – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as GBX 840 and last traded at GBX 818, with a volume of 208875 shares changing hands. The stock had previously closed at GBX 824.

Hargreaves Services Price Performance

The stock has a 50-day simple moving average of GBX 802.83 and a 200 day simple moving average of GBX 790.05. The company has a market cap of £253.75 million, a P/E ratio of 8.98 and a beta of 0.59. The company has a debt-to-equity ratio of 20.58, a quick ratio of 0.82 and a current ratio of 2.00.

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Hargreaves Services (LON:HSP – Get Free Report) last issued its 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, equities analysts expect that Hargreaves Services Plc will post 42.9487179 EPS for the current year.

Insider Activity

In related news, insider Nicholas Mills sold 110,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of GBX 820, for a total transaction of £902,000. In the last ninety days, insiders have sold 600,410 shares of company stock worth $492,331,280. Company insiders own 43.17% of the company’s stock.

Hargreaves Services Company Profile

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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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