Hargreaves Services (LON:HSP) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Hargreaves Services Plc (LON:HSP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 769.82 and traded as high as GBX 816. Hargreaves Services shares last traded at GBX 780, with a volume of 16,612 shares trading hands.

Hargreaves Services Stock Up 2.6%

The firm has a market cap of £245.64 million, a price-to-earnings ratio of 12.31 and a beta of 0.60. The firm’s 50 day moving average price is GBX 802.74 and its two-hundred day moving average price is GBX 770.70. The company has a debt-to-equity ratio of 33.96, a current ratio of 2.24 and a quick ratio of 0.82.

Insider Transactions at Hargreaves Services

In other Hargreaves Services news, insider Gordon Frank Colenso Banham sold 199,300 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 850, for a total transaction of £1,694,050. Also, insider Stephen Craigen sold 1,712 shares of Hargreaves Services stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of GBX 850, for a total value of £14,552. Insiders have sold a total of 233,988 shares of company stock worth $198,872,580 over the last three months. 40.10% of the stock is currently owned by company insiders.

About Hargreaves Services

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.