Hercules Site Services (LON:HERC) Shares Down 2% – Should You Sell?

Hercules Site Services Plc (LON:HERC)’s stock price dropped 2% on Wednesday . The company traded as low as GBX 50 ($0.64) and last traded at GBX 50 ($0.64). Approximately 29,998 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 62,428 shares. The stock had previously closed at GBX 51 ($0.66).

Hercules Site Services Price Performance

The firm has a 50-day simple moving average of GBX 50.77 and a two-hundred day simple moving average of GBX 46.15. The company has a current ratio of 1.15, a quick ratio of 1.43 and a debt-to-equity ratio of 108.20. The company has a market capitalization of £39.13 million, a price-to-earnings ratio of 50.26 and a beta of 0.52.

Hercules Site Services (LON:HERC) last announced its earnings results on Monday, January 13th. The company reported GBX 1.46 ($0.02) earnings per share (EPS) for the quarter. Hercules Site Services had a return on equity of 6.17% and a net margin of 0.64%. As a group, analysts predict that Hercules Site Services Plc will post 1.2407862 earnings per share for the current fiscal year.

Hercules Site Services Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, February 20th were issued a dividend of GBX 1.12 ($0.01) per share. This represents a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, February 20th. This is a positive change from Hercules Site Services’s previous dividend of $0.60. Hercules Site Services’s payout ratio is currently 209.85%.

Insider Activity

In other Hercules Site Services news, insider Paul David Wheatcroft acquired 19,200 shares of the stock in a transaction dated Friday, February 14th. The stock was acquired at an average cost of GBX 52 ($0.67) per share, with a total value of £9,984 ($12,879.26). Corporate insiders own 67.18% of the company’s stock.

About Hercules Site Services

Hercules Site Services plc is a leading technology enabled labour supply company for the UK infrastructure and construction sectors, which joined the AIM market in February 2022. Founded in 2008 by CEO Brusk Korkmaz, Hercules provides site services to a diverse range of blue-chip clients, including Balfour Beaty, Costain, Skanska, Kier, and Hill Group.