Hargreaves Services (LON:HSP) Shares Cross Above 200 Day Moving Average – Should You Sell?

Hargreaves Services Plc (LON:HSP) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 674.44 ($9.16) and traded as high as GBX 744 ($10.10). Hargreaves Services shares last traded at GBX 716 ($9.72), with a volume of 8,273 shares traded.

Hargreaves Services Stock Up 2.6%

The company has a debt-to-equity ratio of 17.75, a current ratio of 2.06 and a quick ratio of 0.82. The firm has a market capitalization of £242.90 million, a P/E ratio of 1,667.33 and a beta of 0.85. The company’s 50-day simple moving average is GBX 749.06 and its two-hundred day simple moving average is GBX 674.44.

Hargreaves Services (LON:HSP) last released its quarterly earnings results on Wednesday, July 30th. The company reported GBX 45.20 earnings per share for the quarter. Hargreaves Services had a net margin of 5.81% and a return on equity of 6.30%. As a group, research analysts expect that Hargreaves Services Plc will post 42.9487179 earnings per share for the current year.

Insiders Place Their Bets

In other Hargreaves Services news, insider Stephen Craigen sold 2,998 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of GBX 760, for a total value of £22,784.80. Insiders own 15.23% 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).