Hargreaves Services (LON:HSP) Sets New 1-Year High – Here’s What Happened

Hargreaves Services Plc (LON:HSP) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 850 and last traded at GBX 831.25, with a volume of 364031 shares traded. The stock had previously closed at GBX 824.

Hargreaves Services Stock Up 0.9%

The company has a market capitalization of £255.23 million, a PE ratio of 9.03 and a beta of 0.59. The company’s fifty day moving average is GBX 804.81 and its 200-day moving average is GBX 792.74. The company has a debt-to-equity ratio of 20.58, a quick ratio of 0.82 and a current ratio of 2.00.

Hargreaves Services (LON:HSP) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 79.10 earnings per share for the quarter. Hargreaves Services had a net margin of 8.74% and a return on equity of 15.42%. As a group, analysts predict that Hargreaves Services Plc will post 42.9487179 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nicholas Mills sold 490,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of GBX 820, for a total value of £4,018,000. Over the last ninety days, insiders have sold 600,410 shares of company stock valued at $492,331,280. Corporate insiders own 43.17% of the company’s stock.

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.