Hargreaves Services (LON:HSP) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Hargreaves Services Plc (LON:HSP)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 725.02 and traded as high as GBX 838. Hargreaves Services shares last traded at GBX 794.34, with a volume of 28,508 shares changing hands.

Hargreaves Services Price Performance

The company has a debt-to-equity ratio of 33.96, a quick ratio of 0.82 and a current ratio of 2.24. The business’s 50 day simple moving average is GBX 782.93 and its 200-day simple moving average is GBX 725.02. The stock has a market capitalization of £243.90 million, a price-to-earnings ratio of 12.22 and a beta of 0.59.

Insider Activity

In other Hargreaves Services news, insider Nigel Halkes sold 355 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 850, for a total transaction of £3,017.50. Also, insider Nicholas Mills sold 711 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 850, for a total transaction of £6,043.50. Insiders sold a total of 233,578 shares of company stock worth $198,541,300 over the last three months. Insiders own 15.27% of the company’s stock.

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.