Hargreaves Services (LON:HSP) Sets New 52-Week High – Should You Buy?

Hargreaves Services Plc (LON:HSP) reached a new 52-week high during trading on Thursday. The company traded as high as GBX 880 and last traded at GBX 830, with a volume of 104341 shares changing hands. The stock had previously closed at GBX 850.

Hargreaves Services Stock Performance

The business’s fifty day moving average is GBX 825.69 and its two-hundred day moving average is GBX 803.67. The stock has a market capitalization of £254.85 million, a PE ratio of 9.02 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.

Hargreaves Services (LON:HSP) 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 EPS for the current fiscal year.

Insider Activity at Hargreaves Services

In related news, insider Nicholas Mills sold 490,000 shares of Hargreaves Services stock in a transaction dated Friday, August 14th. The stock was sold at an average price of GBX 820, for a total value of £4,018,000. Insiders own 41.22% of the company’s stock.

About Hargreaves Services

Hargreaves Services plc is a diversified group delivering services to the core markets of Environmental services, Clean Energy, and Connectivity, supporting key industries within the UK and internationally. The Company operates through three divisions as follows: Services, Land, and a German joint venture.

Services is the core of the Group, providing specialist contracted services to critical projects in the Connectivity, Clean Energy and Environmental markets. Its services include but not are not limited to earthmoving, waste management, materials handling, industrial services, mechanical and electrical contracting, and logistics.